Culled—Proshare August 3, 2017/FBNQuest Research Neutral rating maintained Nestle Nigeria (Nestle) posted earnings of N8.2bn compared with a loss of –N6.2bn in Q2 2016. We draw many positives from these results such as gross margin expansion and a strong interest income line, which was up by more than 600% y/y […]
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NSE: Investors Remain Upbeat as Benchmark Index Records Gain for Three Consecutive Session
August 3, 2017/Cordros Research Click here to download full PDF Copy of Report EQUITIES Investors in the equities market remained upbeat, as the ASI (+0.62%) recorded gains for the third consecutive session to close at 37,135.23 points. Today’s performance improved the Year-to-Date and Month-to-Date returns to 38.18% and 3.60% respectively. […]
Presco Reports Q2 2017 Results; Sales Up by 30.4% YoY
Culled—Proshare August 3, 2017/FBNQuest Research Event: Presco reports Q2 2017 results Implications: Positive market reaction expected Positives: Q2 2017 sales up 30.4% y/y, PBT up 10.1% y/y Negatives: Opex growth of 28% y/y came in higher than we expected; -N243m fx loss Presco reported its Q2 […]
