Culled—Proshare August 2, 2017/FBNQuest Research Rolling over to 2018 Following FCMB’s Q2 2017 results, we have increased our EPS estimates over the 2017-18E period by an average of 12%. This is because we have chosen to limit the impact of the weaker-than-expected non-interest income result in Q2 that we carry […]
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ASI: Intraday Update
August 2, 2017/InvestmentOne Research ASI as at 12.00pm: -1.03% Market movers: REDSTAREX (-8.00%), DANGCEM (-5.00%), NB (+4.78%), CAVERTON (+4.35%) Sector Performances Industrial (-2.60%), Consumer (+1.89%), Banking (+0.55%), Oil & Gas (+0.10%) Market activity: Turnover is less-than-inspiring in today’s early trades after yesterday’s bulk trades of over 416m units of DANGCEM. […]
H1’17 Results – NESTLE Plc Records Strong H1 Recovery in Earnings and Profitability
Culled—-Proshare August 2, 2017/Elixir Research NESTLE Nigeria Plc recently made public its 2017 H1 results. The numbers showed an upbeat momentum in performance with strong recovery in profitability (from the 2016 low base and lower FX loss) and encouraging revenue growth, lifted by volume growth and low pricing base. Margins […]
