July 28, 2017/Cordros Research Click here to download full PDF copy of Report DANGCEM just released Q2-17 result, growing revenue (34.8% y/y), EBITDA (67.5% y/y), and PAT (45.1% y/y) at the group level. Revenue was ahead of our estimate by 3.9% while PAT lagged by 9.3%. Compared to Q1-17, revenue […]
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NSE Sustains Bullish Momentum Third Consecutive Week, as Benchmark Index Advance 8.36% w/w to reach the highest since November 2014
July 28, 2017/Cordros Research Click here to download PDF Copy of Report Global Equities Market Sentiment remained mixed across global equities, with the biggest market drivers being corporate releases and monetary policy decision. Investors equally assessed economic data, oil prices, and currency swings. Investors in the U.S. took a cautious […]
Nestle Nigeria Plc | First Glance: Q2-17; PAT in Line With Expectation
July 28, 2017/Cordros Research Click here to download full PDF Copy of Report This morning, NESTLE announced Q2-17 PAT of N8.19 billion, (1) compared to a loss of N6.15 billion in Q2-16, (2) below the 8.36 billion reported in Q1-17, and (3) below our N8.51 billion estimate. Compared to Q2-16, […]
