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Friday, November 27, 2020

Unilever Nigeria Plc: Weak Industry Fundamentals Weigh on Earnings

Unilever Nigeria Plc (‘Unilever’ or ‘the Group’) recently released its Q3’2020 financial results. The Group recorded a significant recovery on its top line, as revenue grew by 94% year-on-year (YoY), from N8.97bn in Q3’2019 to N17.39bn in Q3’2020. Gross profit rebounded from a loss...

CAP Plc Stellar Q3 Performance Pushes Topline by 3.67% in 9M:2020

 The 9M:2020 financial scorecard of Chemical and Allied Product Plc’s (CAP) came out better as the company’s topline grew by 3.67%YoY to NGN5.99bn (vs NGN5.78bn in 9M:2019), in spite of the setback suffered in H1. Clearly, this is due to the 33.69%YoY growth recorded...

UAC of Nigeria: Topline growth and improved margins drive underlying earnings growth in Q3

UAC of Nigeria PLC announced its unaudited results for the third quarter and nine months ended 30 September 2020. Group Performance and Financial Review: Q3 2020 Revenue in Q3 2020 increased 10.5% to ₦21.2 billion from ₦19.2 billion in Q3 2019 as a result of revenue...

World’s biggest brewer AB InBev scraps dividend despite growth in revenue in Q3

KEY FIGURES  Revenue: Ab Inbev’s revenue grew by 4.0% in 3Q20, positively impacted by a healthy volume performance and revenue per hl growth of 2.3%. In 9M20, revenue declined by 6.8% with revenue per hl growth of 1.6%. ...

Flour Mills Shows an Impressive Topline Performance…Revenue Up by 31.15%

Flour Mills of Nigeria PLC Q2-2020 financials show impressive growth in gross earnings by 31.15% from N270.76 bn in Q2-2019 to N355.11  billion in the current period. Topline performance was specifically boosted by a 45.87% and 29.47% increase in income from Agro-Allied and Sugaroperating segment...

Guinness Nigeria Q1’21 Earnings – Revenue leap supports optimistic outlook

Double-digit growth across major segments push Revenue surprise For the first time in over 14 years, Guinness Nigeria PLC reported a N30.0 billion Revenue figure in its Q1’21 financial statements, which represents a significant 12% y/y growth. Although we had expected Revenue to rebound...
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