Author: InvestAdvocate

International Breweries Plc Q2-25: Stronger Margins, Lower FX Loss and Net Finance Income Lift Performance

July 29, 2025/Cordros Report International Breweries Plc (INTBREW) published their Q2-25 unaudited results after market close yesterday (28 July), reporting earnings per share of NGN0.07 in Q2-25 (vs loss per share of NGN1.76 in Q2-24), translating to an earnings per share of NGN0.25 in H1-25 (vs loss per share of […]

Cement Sector Continues Upward Trajectory with Solid H1 2025 Performance

July 29, 2025/CSL Research The cement industry sustained its strong growth momentum in the first half of 2025, delivering impressive financial results. Total Revenue for all listed cement producers rose by 30.97% year-on-year (y/y) to ₦3.17 trillion, up from ₦2.42 trillion in H1 2024. This robust performance was largely driven […]

Lafarge Africa Plc Q2-25: TP Upgraded on Margin Tailwinds

July 29, 2025/Cordros Report In this note, we update our outlook and estimates for Lafarge Africa Plc (WAPCO) for 2025E following a robust H1-25 performance. During the period, WAPCO delivered a strong 80.3% y/y revenue growth — driven by both higher pricing and increased sales volumes — higher EBITDA margin […]