October 31, 2017/Cordros Research FLOURMILL just published Q2-17/18 and H1-17/18 results showing high double-digit growth in post-tax profit. The primary driver of the profit growth (as was the case in Q1) is a net operating gain of N1.92 billion, against a loss reported in Q2-16. That aside, gross profit was […]
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Equities Market Close Positive, Driven by Gains in Blue-Chips
October 31, 2017/InvestmentOne Research Please click to download the Market Report for Tuesday 31st October 2017 EQUITIES: The equities market closed positive today driven by the gains in Industrial; DANGCEM (+246pts) and CAP (+3.2pts), Consumer Goods; FLOURMILLS (+11pts) and DANGFLOUR (+6.5pts), as well as Oil and Gas; SEPLAT (+24pts), which more […]
Okomu Oil Records Weaker-Than-Expected Topline and Margins in Q3 2017
Culled—Proshare October 31, 2017/FBNQuest Research Event: Okomu Oil reports Q3 2017 results Implications: Modest revisions to consensus estimates likely Positives: Limited to net finance cost improving from –N102m in Q3 2016 to a positive income of N65m Negatives: Weaker-than-expected topline and margins Late yesterday, Okomu Oil (Okomu) reported its Q3 […]
