By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Tuesday commenced the month of November on a positive note as the all-share index (ASI) advanced by 0.12 percent to close at 27,252.48 points. “Today’s gain pared the Year-to-Date loss to 5.01 percent, according to Cordros daily market update. […]
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International Breweries Plc Records Pre-tax and Post-tax Losses in Q2’17 Results
Culled—Proshare November 1, 2016/FBNQuest Research Event: International Breweries reports Q2 2017 (end-Sep) results Implications: Downward revision to consensus estimates expected Positives: Sales of N6.6bn were up 35% y/y and 12% ahead of our estimates Negatives: Pre-tax and post-tax losses of –N216m Late yesterday, the NSE published International Breweries’ Q2 2017 […]
Ashaka Cement Plc Records Slight Fall in OPEX in Q3’16 Results
Culled—Proshare November 1, 2016/FBNQuest Research Event: Ashaka Cement (Ashaka) reports Q3 2016 results Implications: Likely downward revisions to consensus 2016E PBT forecast likely Positives: Slight y/y fall in opex which surprised positively Negatives: Ashaka reported a pre-tax loss of –N648m, driven by elevated COGs and a -16% y/y decline in […]
