May 17, 2024/Cordros Report We update our views on Lafarge (WAPCO) in this report and review our estimates for the company. Just like its local peers, WAPCO witnessed robust topline growth (+50.0% y/y) in Q1-24, which we attribute to a possible price/volume mix favouring the company’s sales turnover in the […]

May 15, 2024/JSP Communications The Emirates Group today released its 2023-24 Annual Report, hitting new record profit, revenue, and cash balance levels. Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations around the world to meet strong customer demand for its high-quality […]

May 10, 2024/Cordros Report This report provides an updated view of Dangote Sugar Refinery Plc (DANGSUGAR) for 2024E subsequent to its Q1-24 results release. DANGSUGAR recorded strong topline performance in Q1-24, supported by price increases. Nonetheless, margins and earnings faced downward pressure, indicating operational challenges amidst industry-wide issues such as […]