April 23, 2018/Cordros Capital Update: Earlier today, LAFARGE published Q1-18 result, showing 0.8% y/y decline in revenue and loss after tax of NGN2 billion. The published revenue and net loss were improvements over Q4-17 (+6.8% q/q and -94% q/q). Volume lower y/y; but higher on q/q basis: It is our […]
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Stanbic IBTC Holdings Plc Q1 2018, Financial Result Update
April 23, 2018/Cowry Asset
UNILEVER: Q12018 Better-Than-Expected Revenue, Lower Opex Margin Offset Weaker Gross Margin
April 23, 2018/Cordros Capital Update: Last week, UNILEVER published Q1-18 result showing net profit grew by 81% y/y, 2% ahead of our estimate (and 21% ahead of consensus). Revenue came in better-than-expected, operating expense was well-contained, and finance cost (though higher than we expected) was significantly lower, courtesy of the […]
