Culled—Proshare December 8, 2016/FBNQuest Research Slight cuts to 2016-17E EPS forecasts; PT down -4% In Q3 2016, Total Nigeria’s (Total) sales were up 58% y/y to N74.7bn while PAT grew faster. Similar to the trend observed for peers, key P&L lines declined q/q, driven by a -415bp q/q gross margin […]
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Mobil Oil Nigeria Q3 2016 Results Review – Event Driven Rally for Mobil Shares
Culled—Proshare December 8, 2016/FBNQuest Research Downgrading to Underperform In Q3 2016, Mobil Oil Nigeria (Mobil) delivered stellar y/y earnings growth. However, the q/q trend, which showed declines for key P&L line items, provides a better pointer for Q4. Q3 sales and earnings both declined by 22% q/q and 49% q/q […]
Why Goldberg unveiled its new identity, ‘Your Excellency’ in Lagos
December 7, 2016/NB Plc The determination by Nigerian Breweries Plc to further strengthen the affinity of Goldberg Lager Beer with consumers in the South West has been identified as the basis upon which the brand’s new credential campaign was […]
