Culled—-Proshare August 4, 2016/FBNQuest Research Event: International Breweries reports Q1 2017 (end-Jun) results Implications: Downward revisions to consensus estimates expected Positives: Sales of N6.9bn were up 32% y/y Negatives: Pre-tax and post-tax losses of –N1.3bn and –N1.7bn respectively This morning, the NSE published International Breweries’ Q1 2017 (end-Jun) results which […]
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Nestle Nigeria Plc Q2-16 Earnings Impacted by Rising Costs and Currency Headwinds
August 4, 2016/Cordros Reasearch Despite 15% y/y revenue growth, NESTLE reported 21% y/y EBITDA decline and lost after tax (the first in the company’s recent history) in the second quarter. The key drivers were (1) elevated cost pressure and (2) foreign exchange losses. These two factors are systemic in nature and […]
LafargeHolcim to divest Entire 65% Shareholding in LafargeHolcim Vietnam
August 4, 2016/LafargeHolcim LafargeHolcim announces it has signed an agreement with Siam City Cement Public Company Limited (“SCCC”) for the divestment of its entire 65 percent shareholding in LafargeHolcim Vietnam for an enterprise value of CHF 867 million (on a 100 per cent basis). LafargeHolcim Vietnam operates one integrated plant […]
