Culled—Proshare April 20, 2017/Vetiva Research FY’16 PAT surge on gains on revaluation of biological assets Normalized PAT up significantly amidst strong CPO prices Mature oil palm plantation at 15,356ha at year end (FY’15: 11,587ha) Board of Directors declares DPS of N1.50 Target price revised to N59.45 (previous: N53.49) Strong FY’16 […]
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Unilever Nigeria Plc Q1’17- Strong Start to 2017, PAT up 54% YoY
Culled—Proshare April 20, 2017/ Vetiva Research · FY’16 topline up 11% q/q as Home and Personal Care segment surprise · Cost savings from OPEX drive Q1’17 PAT outperformance · ₦63 billion rights issue on the cards following tough 2016 · Upward revision to estimates, target price – SELL rating maintained […]
Nigerian Equities Market Close Higher on Demand in Banking, Consumer Goods Stocks
April 19, 2017/Cordros Research Click here to download PDF Copy of report EQUITIES The Nigerian equities market closed higher, following demand for banking and consumer goods stocks. The All Share Index increased by 0.49% to close at 25,331.77 points. Today’s bullish performance reduced the Month-to-Date and Year-to-Date losses to 0.72% […]
