Culled—Proshare April 18, 2017/FBNQuest Research ward revisions to estimates and price target Okomu Oil’s (Okomu) Q4 2016 results came in stronger than we expected. The variance versus our estimates was mainly to due to a positive surprise in sales. For the coming year, Okomu management has guided to palm oil […]

April 18, 2017/InvestmentOne Research Unilever Nigeria Plc  released its Q1 2017 today. Please find key highlights below: ·         Revenue of N22.17bn; up +11.4% q/q;  +32.1% y/y ·         Profit before tax of N2.18bn  down -16.2% q/q; up +53.6% y/y ·         Profit after tax of N1.60bn; up +6.1% q/q; +53.9% y/y Please […]

Culled—Proshare April 18, 2017/FBNQuest Research Event: Presco reports Q4 2016 results Implications: Neutral to slightly positive market reaction expected Positives: Q4 2016 sales up 57% Negatives: Operating expenses up 48% y/y; gross margin contraction of -1,873bps y/y to 61.4% Presco reported its Q4 2016 results this morning showing sales growth […]