November 18, 2024/Cordros Report Access Holdings Plc continues to leverage the HoldCo’s robust asset base (NGN41.10 trillion) to deliver sturdy income growth across contributory lines. In 9M-2024, the group’s interest income surged by 128.7% y/y to NGN2.40 trillion, marking the largest print across the sector. The stellar growth in the […]
Results & Dividends
United Bank for Africa Plc 9M-24: Robust Capital Buffers still an Upside
November 18, 2024/Cordros Report In this report, we highlight our estimates and update our views on United Bank for Africa Plc (UBA). In 9M-24, UBA reported a 14.3% growth in EPS to NGN14.78, underpinned by sturdy growth in the group’s core income (+170.0% y/y). We highlight that the preceding was […]
Unilever Plc Q3-24 Update Outlook Reiterated Despite Increased Cost Pressures
November 12, 2024/Cordros Report UNILEVER delivered solid Q3-24 results, with notable gains in revenue and gross margin expansion. Nevertheless, the company continues to face considerable pressure from rising operating costs, mainly due to naira devaluation and inflation. Looking ahead, we anticipate sustained revenue growth, bolstered by price increases and seasonal […]
