October 29, 2018/InvestmentOne report · Contracted topline performance: down 27.1% q/q, 11.2% y/y. · Reduced gross profit margin: down 1395bps q/q, 592bps y/y · Higher opex/sales ratio: up 764bps q/q, 410bps y/y. · Loss before tax of N5.07billion in Q3 2018 against a Profit before tax of N12.30billion and N369million […]
Investors Bite
Unilever Nigeria Plc | Q3-18 EPS Flattered by One-Off Gain; HOLD!
October 29, 2018/Cordros Report Update: Following the 9M-18 result published last week, we have cut our estimates for UNILEVER’s 2019-2020E EPS by 3% and revise TP lower to NGN39.14/s (previously NGN40.94/s). Stripping out the one-off gain of NGN2.24 billion from the disposal of the Spreads business, we estimate that Q3-18 […]
Guinness Nigeria Plc Q1 2019 Results: Lower Finance Cost Supported y/y Improvement in PBT
October 29, 2018/InvestmentOne report · Lower topline performance: down 25.1% q/q, 6.1% y/y. · Contracted gross profit margin: down 236bps q/q, 226bps y/yy · Mixed opex/sales ratio: down 95bps q/q, up 80bps y/y.. · Mixed PBT margin performance: down 110bps q/q, up 424bps y/y. Guinness Nigeria Plc (GN), last week, […]
