Investors Bite

Nestle Nigeria Plc: H1’17 Earnings Berth In Line With Estimates

Culled—Proshare July 31, 2017/Vetiva Research  H1’17 revenue berths in line with estimates, up 52% y/y Earnings recover from H1’16 low base on lower FX loss, stronger margins FY’17 EPS revised slightly higher on improved cost outlook Revenue in line with estimates following strong Q2 Maintaining the run rate from Q1’17, […]

Julius Berger Nigeria Plc: FX Improvement Lifts H1 Results

Culled—-Proshare July 31, 2017/Vetiva Research ·         Topline comes in 4% higher q/q ·         Operating margin contracts from 3.2% in Q1 to 0.6% in Q2 ·         Naira appreciation drives lower FX acquisition losses ·         TP revised to ₦24.79 (Previous: ₦25.92) Strong Q2 numbers lifted by deceleration in FX losses JBERGER reported […]

DANGCEM Plc – Q2 Performance Consolidates On Concrete FY’17 Start

Culled—Proshare July 31, 2017/Elixir Research DANGCEM today made public its H1’17 results, showing strong y/y revenue growth but weaker on q/q—similar trend was observed with Lafarge H1) while profitability improved significantly boosted by cost efficiency and cut in tax expense. We noticed that margins performed well on a y/y basis […]