August 9, 2016/NSE This is to inform the Nigerian Stock Exchange, our regulatory authorities, esteemed shareholders and other stakeholders of the reasons necessitating the application for an extension of time within which to file the interim Financial Statements for the periods ended March 31, and June 30, 2016. The extension […]
Results & Dividends
SEC Says CBN Direct Banks to Accept Dividend Warrants into Savings Accounts
August 5, 2016/SEC The Securities and Exchange Commission (SEC) is pleased to notify the investing public that dividend warrants can now be deposited into savings accounts. This follows the directive from the Central Bank of Nigeria (CBN) via Circular referenced BPS/DIR/GEN/CIR/03/005 dated 28th July, 2016 instructing banks to allow customers […]
Cadbury Nig Plc: The Dilemma – Margins vs. Market Share
August 5, 2016/Cordros Research CADBURY’s second quarter (April to June 2016) loss caused H1-16 profits to drop by 78% from Q1-16. The loss after tax in Q2-16 resulted from a combination of (1) cost inflation, which compressed gross margins by over 800bps (y/y and q/q), and (2) a decline in […]
