Analysts explain why Dangote Flour is a sell – Nairametrics

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Dangote Flour Mills 1Q18 results showed reported revenue and earnings tracking behind annualised SBGS estimates by 27% and 42% respectively.

1Q revenue of N26.2bn declined by 9% y/y, despite a mid-single digit price increase taken in 4Q17, according to our channel checks. Net earnings also declined by 39% year …

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