Culled—Proshare April 16, 2018/FBNQuest Research Event: Presco reports Q4 2017 results Implications: Mixed reaction by market expected Positives: Sales grew 44% y/y Negatives: Opex grew 133% y/y Earlier this morning, Presco reported its Q4 2017 results, showing sales growth of 44% y/y to N5.4bn. However, PBT declined by -86% y/y […]
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Forte Oil Says 2018 Q1 Pretax Profit up 54.4% to N3.16 Billion
April 16, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketer, Forte Oil Plc on Monday said its pretax profit for the period first quarter (Q1) ended March 31, 2018 grew 54.4 percent to N3.16 billion from N2.05 billion posted a year ago Profit for the period of the company also increased 57.3 […]
Unilever Nigeria Q4 2017 Results Review – Rating Downgrade Due To Cuts to Our Forecasts
Culled—-Proshare April 16, 2018/FBNQuest Research PT and earnings cut; downgrading to underperform Unilever’s Q4 2017 results came in behind our forecasts. Consequently, we have cut our EPS estimates over the 2018-19E period by 15% on average. Management guided that the funds raised (N58.9bn) from its recently concluded right issue will […]
