Culled—Proshare October 26, 2017/FBNQuest Research Event: Nigerian Breweries reports Q3 2017 results Implications: Downward revisions to consensus FY 2017 PBT forecast likely Positives: Sales grew by 13% y/y, though expected Negatives: PBT and PAT declined by -84% y/y and -75% y/y respectively Earlier this morning, Nigerian Breweries (NB) published its […]
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Dangote Sugar Refinery Stock Rated Neutral as Sales Were Flattish YoY at N44.4bn in Q3’17
Culled-Proshare October 26, 2017/FBNQuest Research Event: Dangote Sugar Refinery reports Q3 2017 results Implications: Positive reaction by the market likely Positives: Q3 PBT and PAT of N14.0bn and N9.4bn up 236% y/y and 244% y/y respectively; gross margin expanded 2153bps y/y to 32.9% Negatives: Sales were flattish y/y at N44.4bn Dangote […]
Access Bank Plc Records Slightly Weak Revenues in Q3 2017 Results
Culled—Proshare October 26, 2017/FBNQuest Research Event: Access Bank reports Q3 2017 results Implications: Muted reaction from the market likely Positives: Lower-than-expected loan loss provisions; significant OCI gains Negatives: Slightly weak revenues Access Bank’s Q3 2017 results which have just been published show that PBT of N20.9bn was down -17% y/y due to […]
