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DANGCEM Q2 2018 Results: PAT Came In Behind Estimate By c.37%

Culled—Proshare July 20, 2018/FBNQuest Capital Research ­Event: Dangote Cement reports weaker-than-expected Q2 2018 results.  Implications: On an annualised basis, Q2 sales and PBT came in slightly behind consensus estimates of… Read more »

UNILEVER Q2 2018 Results: Sales Grew By 9.0% YoY to N22.3bn

Culled—Proshare July 20, 2018/FBNQuest Capital Research  Event: Unilever Nigeria (Unilever) reports Q2 2018 results  Implications: Unilever’s profitability has improved y/y with Q2 PBT and PAT both up 38% y/y and… Read more »

ETI Says H1 2018 Post-Tax Profit Up 36.6% to N51.5 Billion

July 19, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Pan-African lender, Ecobank Transnational Incorporated (ETI) on Thursday said its  profit after tax for the Half-Year (H1) period ended June 30, 2018 grew 36.6 percent… Read more »

QNB Group Post $1.9 Billion Net Profit in H1 2018

July 16, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, said its Net Profit reached QAR7.1 billion (USD1.9… Read more »

Conoil Approves N1.4 billion Dividend Payment to Shareholders in 2017

July 13, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Oil marketing major, Conoil Plc on Friday approved N1.4 billion dividend payment to its shareholders amounting to a dividend of N2.00 per share in… Read more »

ATI Earmarks Initial $2.5 Million to Pay Dividend to Shareholders Including14 African Member Governments

July 10, 2018/ATI In a much anticipated announcement, the African Trade Insurance Agency (ATI) (, declared that its General Assembly had approved the first ever payments to shareholders. The announcement… Read more »

Shareholders of Cadbury Endorse N301.5 Million Dividend in 2017

July 6, 2018 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Shareholders of food and beverage makers, Cadbury Nigeria Plc at the company’s 53rd Annual General Meeting (AGM) on Friday endorsed the payment… Read more »

FLOURMILL FY 2018 Results – Gains from Deleveraging To Support FY 2019 PAT

Culled—Proshare July 4, 2018/Vetiva Research Weak Q4’18 performance drives FY earnings underperformance 5% revenue growth expected for FY’19 amidst muted price increases Lower debt balance to support moderation in interest… Read more »

Flour Mills of Nigeria Q4 2018 Results – Sales Down by -14% YoY to N115.16bn

  Culled—Proshare July 2, 2018/FBNQuest Research  Event: Flour Mills of Nigerian (FMN) reports weaker-than-expected Q4 2018 (end-Mar) results  Implications: FMN’s 2018 PBT surprised negatively relative to consensus 2018 PBT forecast… Read more »

Flour Mills of Nigeria Plc: Q4-18 Revenue, Margins Lower-Than-Expected; Earnings Disappoint

July 2, 2018/Cordros Report Update: FLOURMILL released Q4-18 and 2018FY results earlier today. The 2018FY result shows revenue grew by a marginal 3.5% while net profit increased by 54.1% over… Read more »