Investors Bite

Unilever Nig Plc – First Glance: Better-than-Expected Q2-17 PAT; Upward Revision to Forecasts Likely

July 17, 2017/Cordros Research Click here to download full PDF Report UNILEVER released impressive Q2-17 result on Friday, wherein both revenue and net profit grew by 58% and 3873% y/y respectively. Compared to Q1-17, revenue grew 3.4% while net profit increased by 29.4%. Both the revenue of N22.9 billion and […]

Flour Mills Increases Stake in Rom Oil Mills to 95%

July 17, 2017/NSE Flour Mills of Nigeria Plc. (FMN) Group, the market leader in food and agro-allied products in Nigeria hereby announces an increase in the shareholding of one of our subsidiaries, Rom Oil Limited (ROM), Ibadan, from 90% to 95%. With this development, the Shahimi family collectively own 5% […]