ARM Research”: Initial View – Flour Mills of Nigeria Plc Q3 19
Earnings drown on higher cost and operating expense Yesterday, Flour Mills of Nigeria released its third quarter (FQ3 19) result for the period ended December 2019, which showed a 27.4% YoY contraction in EPS by 27.4% YoY to N0.69 following persisting pressure on margins from higher cost of sales (+7.3% YoY) and higher operating expense […]
ARM Research: Summary of News, 31st of January
CORPORATE AND ECONOMIC CALENDAR Telecoms Data: Active Voice and Internet per State, Porting and Tariff Information – 6th February, 2019. Neimeth Pharmaceutical Int’l Plc: Annual General Meeting – 6th February, 2019. PUNCH FG targets $2bn from oil block licence renewal: The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said the Federal Government […]
