Culled—Proshare May 12, 2017/FBNQuest Research Increase to earnings estimates and price target Guinness Nigeria’s (Guinness) Q3 2017 (end-Mar) results were stronger than we expected. The results were driven mainly by stellar sales growth of 54% y/y and a gross margin expansion of about 1,000bps y/y; both sales and gross margins […]
Updates
SEC Issues New Date for CMOs to Update Company Information
May 12, 2017/SEC The Securities and Exchange Commission (SEC) Nigeria pursuant to the powers conferred on it by the Investments and Securities Act (ISA) 2007 directed all Capital Market Experts or Professionals to provide updated information of their companies/firms in December 2016 and February 2017. However, it was observed that […]
Unilever Nigeria Plc holds 92nd AGM, Declares N378 million dividend
Culled—Proshare 12/5/2017/Press Release Unilever Nigeria Plc., has declared a dividend of N378 million following the approval of the company’s shareholders at the 92nd Annual General Meeting of the Company held in Lagos on Thursday May 11 at the Muson Centre. The dividend declared amidst a challenging operating year and environment […]
