November 8, 2016/Cordros Research Despite significant revenue and EBIT growth in Q3, UNILEVER recorded y/y and q/q PBT contractions, and would have posted a loss after tax, save for a tax credit (N449.8 million). The company’s production costs have risen quite significantly over the last two quarters, denying earnings the […]
Investors Bite
Flour Mills of Nigeria Plc – ₦9 billion FX Losses Debase Strong Topline growth
Culled—Proshare November 8, 2016/Vetiva Research Strong revenue performance persists, up 44% y/y Gross margin improves 400bps y/y to 14% FX loss undercuts earnings, Q2’17 PAT down 60% q/q TP revised upwards on improved earnings trajectory Improved revenue profile on better volume performance, price Buoyed by the strongest quarterly revenue performance […]
NSE Reports 1,900% ETF Growth, as Investors Appetite Wane towards Stocks
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Monday reported its Exchange Traded Funds (ETFs) introduced December 2011 has grown 1,900 percent with Assets Under Management (AUM) hitting N4.24 billion, this is on dampened investors’ appetite towards investment in stocks. Oscar Onyema, chief executive officer (CEO) of the NSE […]
