Culled—Proshare August 2, 2017/FBNQuest Research Event: International Breweries reports Q1 2018 (end-Jun) results Implications: Neutral reaction expected by the market Positives: Sales grew by 37% y/y; PAT of N1.4bn compares with a post-tax loss of –N1.7bn recorded in Q1 2017 Negatives: Gross margin contracted by -411bps […]
Investors Bite
UAC Of Nigeria Plc. : Earnings dip as input and interest costs bite
Culled—-Proshare August 2, 2017/Vetiva Research · Feeds business fuels growth, Group revenue up 32% y/y · High input costs remain a challenge, margins contract further · Elevated interest costs undercut weak EBIT, PAT down 55% y/y · H2’17 gives some hope, forecasts adjusted to reflect miss Strong revenue growth powered […]
Dangote sells N86bn cement stake to foreign investors
August 2, 2017/Punch Stanley Opara with agency report Dangote Industries Limited sold 2.3 per cent stake in Dangote Cement Plc to foreign investors on Tuesday in a stock market deal valued at N86.1bn ($236m). Africa’s biggest cement maker has been selling small stakes to increase its free float, which is […]
