February 1, 2018/NSE Oando Plc hereby notifies the shareholders and other stakeholders of the appointment Of Mr. Muntari Muhammed Zubairu as Group Chief Corporate Services and Operations Officer. In accordance with Article 88 of the Company’s articles of association, the Board of Directors has also appointed Mr. Muntari Muhammad Zubairu […]
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Flour Mills of Nigeria Reports Q3 2018 Results – PBT and PAT Grew by 303% and 418% YoY Respectively
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 […]
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) […]
