Culled—Proshare February 1, 2018/FBNQuest Event: Flour Mills of Nigeria (FMN) reports Q3 2018 (end-Dec) results Implications: Likely upward revisions to consensus 2018 PBT forecast Positives: PBT and PAT grew by 303% y/y and 418% y/y respectively. Negatives: Sales declined by 4% y/y, interest expense spiked up by 26% y/y Flour […]
Investors Bite
Guinness Nigeria reports Q2 2018 Results as Slight Downward Revisions to Consensus PBT Forecasts
Culled—Proshare February 1, 2018/FBNQuest Event: Guinness Nigeria reports Q2 2018 (end-Dec) results Implications: Slight downward revisions to consensus PBT forecasts expected Positives: Sales up 12% y/y, PBT advanced to N3.5bn vs pre-tax loss of N2.4bn in Q2 2017. Negatives: Gross margin contracted by -118bps q/q Guinness Nigeria’s Q2 2018 (end-Dec) […]
CBN sells N215bn OMO T-bills to Mop up Excess Liquidity Inflows
Culled—-Proshare February 1, 2018/Zedcrest Capital ***Business activities fall as PMI drops to 57.3*** – CBN 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 $40.63billion Accreted 1.75% as at 30th […]
