February 8, 2017/Reuters By Nqobile Dludla South Africa-based MTN Group expects to report a full-year loss due to a $1 billion regulatory fine in Nigeria and underperformance there and at home, it said on Wednesday, sending its shares to a two-month low. Africa’s most populous nation and biggest economy Nigeria […]
Results & Dividends
Flour Mills of Nigeria Results Review – Strong Q3’17 Results; Maintaining OP Rating
Culled—Proshare February 6, 2017/FBNQuest Research Maintaining OP rating despite modest increase to PT Flour Mills of Nigeria’s (FMN) Q3 2017 (end-Dec) PBT came in well ahead (+104%) of our forecast. The key drivers behind the strong results were positive surprises in sales and gross margin, which beat our forecasts by […]
Guinness Nigeria Q2 2017 Results Review – Neutral Rating Maintained
Culled—Proshare February 3, 2017/FBNQuest Research Possibly moving into oversold territory Guinness Nigeria’s (Guinness) Q2 2017 (end-Dec) results were weaker than expected. The weak results were driven by negative surprises on the gross margin and net finance cost lines. The company is exposed to fx risks arising from the importation of […]
