Culled—-Proshare October 31, 2016/FBNQuest Research Late this morning, Okomu Oil (Okomu) reported Q3 2016 results which showed sales growth of 22% y/y to N3.4bn. PBT and PAT advanced by wider margins of 188% y/y and 60% y/y to N1.2bn and N581m respectively. The strong sales growth was mainly responsible for […]
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PZ Cussons Nigeria Q1 2017 Results Review- FX Issues Bite Harder
October 31, 2016/FBNQuest Research Price target lowered by -2.7% PZ Cussons Nigeria’s (PZ) Q1 2017 (end-Aug) sales were 16.4% ahead of our forecast, helping the gross profit to beat by almost 50%. PZ’s parent company in the UK stated in a recently released trading statement that the company’s performance across […]
Stocks Open Week Negative, as NSE Ends October with 3.94% Loss
By InvestAdvocate Lagos (INVESTADVOCATE)-The bears on Monday dominated activities on the Nigerian bourse, with the all-share index (ASI) depreciating by 0.27 percent to close at 27,220.09 points. “Today’s performance increased the Month-to-Date and Year-to-Date losses to 3.94 percent and 5.13 percent respectively,” Cordros daily market update affirmed. At the close […]
