Culled—Proshare October 28, 2016/FBNQuest Research Event: Nigerian Breweries reports Q3 2016 results Implications: Likely downward revisions to consensus 2016 PBT forecast Positives: Net interest expense declined by -23% y/y Negatives: PBT declined by -66% y/y driven by a gross margin contraction of -639bps y/y and a 9% y/y rise in […]

27/101/2016/Cordros Research UNILEVER released results for nine months and third quarter ended September 2016. The key features of the third quarter result are (1) 25.9% y/y and 13.5% q/q revenue growth; (2) elevated cost pressure — which saw gross margin contract by 923bps y/y and 317bps q/q; (3) y/y and […]

27/10/2016/TPT International The Board of Directors of Nigerian Breweries Plc has announced an interim dividend of N7.929 billion, that is N1.00 (One Naira) per ordinary share of 50 kobo in the share capital of the Company for the 9 month period ended 30th September 2016. This is despite the marginal […]