May 6, 2019/InvestmentOne Update ASI as at 12.00pm: -0.20%. Market movers: UAC-PROP (-8.93%), PRESTIGE (-6.00%), NEM (+9.95%), COURTVILLE (+9.09%). Sector Performances: Industrial (-1.08%), Banking (-0.60%), Oil & Gas (-0.13%) and Consumer Goods (+0.04%), . Market activity: In today’s early trade, while total volume increased by 8%, total value declined by […]
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Seplat Development Company Plc-Tax Credit Masks Weak Operating Performance
Culled—Proshare 3/5/2019/CardinalStone Research Seplat Development Company Plc (SEPLAT) Q1’19 results – Earnings after tax surged by 59.0% YoY to $32.7 million, largely due to a $13.3 million tax credit that masked significant weakness in core operating performance in the review period. Q1’19 highlights Revenue contracted by 11.7% YoY to $159.5 […]
SEPLAT: Q1 2019 Initial Impression: Slow Start, Poised to Improve.
May 2, 2019/InvestmentOne Report · Declining Turnover: down 10.50% q/q, 11.40% y/y. · Mixed gross margin performance: up 307bps q/q, down 37bps y/y. · Higher Opex/Sales ratio: up by 1325bps q/q, 2564bps y/y. · Uninspiring PBT: down 67.20% q/q, 66.88% y/y. Seplat Petroleum Development Company Plc released its Q1 2019 […]
