October 30, 2018/Cordros Update Event: NESTLE published 9M-2018 results yesterday with EPS growth of 81% y/y in Q3. The y/y EPS growth was underpinned by volume-led revenue growth, stronger gross margin, and significantly lower net finance charges, all of which offset high-double digit increase in operating expenses. On […]
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11 Plc First Glance: Impressive PAT Growth in 9M-18
October 30, 2018/Cordros Report Event: 11 Plc (MOBIL) recently reported 9M-18 results, showing significant growth in revenue (+41.7% y/y to NGN125.04billion), and PAT (+71.2% y/y to NGN7.87 billion). On q/q basis however, revenue (-4.2% to NGN39.13 billion), and PAT (-10.0% to NGN2.42 billion) declined. The reported increase in sales is […]
Intraday Update: Nigerian Stocks Up +0.92 on Gains in Industrial Counters
October 30, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian Stocks as at midday Tuesday is up +0.92 percent and driven by gains in the Industrial counters, according to InvestmentOne update. The update says market movers are food and beverage maker, Cadbury Nigeria Plc, up by +5.26 percent, cement producer, Dangote Cement Plc […]
