FSDH Initial Reaction: Dangote Sugar 1Q24 results Kindly click here to download the report. May 3, 2024/FSDH Research Key Performance Highlights: Dangote Sugar reported handsome revenue growth of 20.1% YoY to N122.7 billion in 1Q24, powered by an 18.5% YoY rise in the 50kg sugar revenue to N116.9 billion in […]
Results & Dividends
GTCO Q1-24: Fair Value Gains Underpin Earnings Surge
May 3, 2024/Cordros Report Guaranty Trust Holding Company Plc (GTCO) released its Q1-24 unaudited financial statements this afternoon, reporting a whopping 696.1% y/y rise in EPS to NGN16.24 for the period under review (vs Q1-23: NGN2.04). The impressive growth in the Holdco’s earnings was driven primarily by the fair value […]
MTN Nigeria Communications Plc Q1-24 Update: Cost Pressures Worsens; We Remain NEUTRAL
May 3, 2024/Cordros Report We update our views and estimates on MTNN for 2024E following the publication of the company’s Q1-24 financials. As we noted in our initial review of the performance, currency pressures remained a sticking point as further naira depreciation in Q1-24 exacerbated the telco’s woes. Notably, we […]
