Culled—Proshare January 31, 2017/ARM Research PZ Cussons Nigeria Plc. (PZ) released its unaudited 6M 2017 results wherein revenues rose 8.8% YoY to ₦33.3 billion, though largely reflecting unrealized foreign exchange losses of N4.9 billion, PZ posted pre-tax and post-tax losses of N 425 million and N289 million respectively. Excluding the […]
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Guinness Nigeria Plc FQ2 17 – Currency Pressures Drive Another Sober Result
Culled—Proshare January 31, 2017/ARM Research Guinness Nigeria Plc (Guinness) released its unaudited 6M 17 financial statements which revealed post-tax loss of ₦4.66 billion. The weakness in earnings was largely driven by elevated input cost (+55% YoY to ₦43.9 billion) which offset impact of revenue growth (+19.4% YoY to N59.5 billion) […]
Nigerian Equities Market Extends Losses, as NSE ASI Dips 0.69%
January 31, 2017/Cordros Research The Nigerian equities market extended losses, with the All Share Index falling by 0.69% to close at 26,036.24 points. Following today’s performance, the Year-to-Date loss increased to 3.12%. The Consumer Goods (-1.43%) and Banking (-1.27%) indices shed weight, on the back of selloffs in NESTLE (-3.07%), […]
