Culled—Proshare 5/2/2018/Zedcrest Capital ***FG, States, LGs Shared N5.9tn in 2017*** KEY INDICATORS Inflation 15.37% Declined by 0.54% in December from 15.90% in November 2017 MPR 14.00% Left unchanged at 14.00% at the MPC meeting of November 2017 External Reserves $40.79billion Accreted 1.74% as at 2nd February from $40.75 as at […]
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Flour Mills Reports 39% Growth in Q3′ 17 Pretax Profit
February 6, 2018/NSE Flour Mills of Nigeria PIC, market leader in food and agro-allied products in Nigeria, today announced its unaudited financial statements with record growth in profitability for the nine months ended 31st December 2017. Key Highlights Group Group recorded revenue of N427.5 billion, up from N389.9 billion, in […]
Cordros Weekly Stock Recommendation-February 5, 2018
5/2/2018/Cordros Research Cadbury Nigeria Plc (Cadbury) – Sell The shares of CADBURY appreciated by 6.60% last week to N16.00. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. CADBURY published Q3-17 result, showing revenue growth of 9.3% y/y and PAT of N702 million, from a […]
