April 26, 2024/Cordros Report Dangote Cement Plc (DANGCEM) published its Q1-24 unaudited financials yesterday (April 25), reporting an EPS of NGN6.68 (Q1-23: NGN6.44). The improvement in earnings was supported by the robust topline expansion (+101.0% y/y) in Q1-24, even as pressures from costs (+152.2% y/y), operating expenses (+121.0% y/y) and […]

April 26, 2024/CSL Research Stanbic’s Q1 2024 unaudited numbers showed a 129.7%y/y increase in Interest Income to N115.8bn driven by improved yields on risk assets. Net Loans to customers grew 6.5% in Q1 2024 compared with the December 2023 position (inclusive of the impact of the devaluation on foreign currency […]

April 25, 2024/CSL Research Lafarge Africa reported Revenue growth of 8.6% y/y to N405.50bn for FY 2023 from N373.25bn in the prior period (FY 2022). Similarly, on a q/q basis, Revenue was up by 27.4% to N116.42bn in Q4 2023 from N91.40bn in Q3 2023. The broad-based growth in cement […]