Author: InvestAdvocate

Lafarge Africa Plc. H1′ Q2 2020 Results: Cost Reduction Boost Overall Performanc

August 4, 2020/InvestmentOne Report      Turnover: down 10.76% q/q, 5.05% y/y. ·         Gross margin performance: rose to 42.37% from 27.67% in Q1 2020 and 36.53% in Q2 2019. ·         OPEX/Sales ratio: down 234bps q/q, 449bps y/y ·         PBT Margin: rose to 34.08% from 14.37% in Q1 2020 and 18.15% in […]

NB H1-2020 Unaudited Result: Ban on weekend parties and pubs bites H1-earnings

August 4, 2020/United Capital Report Nigerian Breweries Plc (NB) published its H1-2020 unaudited financial result earlier. Revenue dipped by 10.8% to N151.8bn amid restriction on movements, a complete ban on pubs, bars, and social gatherings, especially weekend parties since March-2020 which dragged volume growth across the sector. However, higher finance and input […]

MIDDAY UPDATE: Nigerian Stocks Gain +0.16% on Gains Across Sectors

August 4, 2020/InvestmentOne Update ASI as at 12.00pm: +0.16%. Market movers: MANSARD (+9.72%), NEIMETH (+9.09%), NAHCO (-4.04%) and ACCESS (-0.79%).   Sector Performances: Banking (+0.65%), Oil & Gas (+0.22%), Consumer Goods (+0.20%), and Industrial.  Market activity: In today’s early trade, total volume and value declined by 8% and 10% respectively, compared to this time yesterday as investors have traded about 56million units of shares worth about N371million. TRANSCORP (+1.69%) is the most actively […]