August 31, 2016/NSE The Nigerian Stock Exchange (NSE) today inducted 39 recently qualified Dealing Clerks of the Exchange, with a charge to them to uphold the highest level of ethics and sense of responsibility. In his opening remarks, the Chief Executive Officer of the NSE, Mr. Oscar N. Onyema, OON, […]
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Nestle Nigeria Plc Q2 2016 Earnings Review: FX Loss dents sustained recovery in topline
August 30, 2016/InvestmentOne Research Maintaining HOLD rating despite 82% cut to our EPS forecast on FX loss Following Nestle’s Q22016 numbers, which showed a negative bottom-line position in spite of sustained uptick in volume, we have reviewed our forecast for the Consumer Goods player to reflect the impact of further […]
Unilever H1 2016 Earnings Review: Over 6 00bps y/y contraction in Gross margin dragged bottom – line figures
August 30, 2016/InvestmentOne Research Topline forecast raised by +6.3% ; Sell rating maintained Unilever Q2 2016 results showed sustained growth in both top and bottom-line figures, buoyed by lower-base effect. However, input costs pressure resulted in massive contraction in margins across the P& L line. While turnover was up by […]
