May 4, 2018/InvestmentOne Update ASI as at 12.00pm: +0.19%. Market movers: INTBREW (+9.05%), VERITASKAP (+6.45%), MOBIL (-4.95%), ETERNA (-4.87%). Sector Performances: Consumer Goods (+1.36%), Industrial (+0.31%), Oil & Gas (-0.76%), Banking (-0.26%). Market activity: In today’s early trade, while total volume increased by 21%, total value declined by 41% compared […]
Investors Bite
NASCON Allied Industries’Shareholders Endorse N3.9bn Dividend Payout
May 4, 2018/Thisday Goddy Egene Shareholders of NASCON Allied Industries, a subsidiary of Dangote Industries Limited, yesterday approved the N3.97 billion dividend recommended for the year ended December 2017. The dividend, which translates to 150 kobo per share, was approved at the annual general meeting (AGM) of the company in […]
UAC of Nigeria Reports Q1 2018 Results – Net Interest Expense Declined -64% YoY to N446m
Culled—Proshare May 3, 2018/FBNQuest Research Event: UAC of Nigeria (UACN) reports Q1 2018 results Implications: Downward adjustments to consensus 2018E EPS forecast expected Positives: Net interest expense declined -64% y/y to –N446m Negatives: Q1 sales of N18.3bn down -25% y/y and -10% q/q respectively; Opex up 14% y/y to N2.6bn […]
