Culled—Proshare July 14, 2017/Cardinal Stone Research According to media reports, the Securities and Exchange Commission (SEC) is investigating Oando Plc (“the company”) over alleged malpractices in its financial statements and has sent a formal letter to the company as it examines if any regulations have been breached. The investigation kicked-off […]
Investors Bite
UNILEVER Q2 2017 Results: Key Highlights
July 14, 2017/InvestmentOne Research NIGERIA | EQUITIES | CONSUMER GOODS | UNILEVER NIGERIA PLC Unilever Nigeria Plc released its Q2 2017 today. Please find key highlights below: · Revenue of N22.93bn; up +3.43% q/q; +47.99% y/y · Profit before tax of N2.86bn up +31.38% q/q; c.+4000% y/y on lower base […]
Unilever Nigeria Plc Undertakes N58.9bn Rights Issue
Culled—Proshare July 13, 2017/Unilever Following shareholder approval received in May, Unilever Nigeria Plc has now received clearance of the issue documents from the Securities and Exchange Commission and the Nigerian Stock Exchange (“The NSE”) in respect of the Rights Issue. The transaction is part of the Company’s strategy to drive […]
