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 […]
Results & Dividends
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 […]
Oando Announces H1 Unaudited 2024 Results, Reports N2.0 Trillion 51% Growth in Revenue
November 5, 2024/Oando Plc Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading energy solutions provider listed on both Nigerian Exchange Limited and Johannesburg Stock Exchange, today announced its unaudited results for the six months period ended June 30, 2024. OPERATIONAL SUMMARY Upstream: 15% decrease in production: 24,389 […]
