March 4, 2024/Cordros Report Dangote Sugar Refinery Plc (DANGSUGAR) released its 2023FY audited financials over the weekend, reporting a loss per share of NGN6.07 (2022FY EPS: NGN4.51). The loss for the year was triggered by mounting pressure from COGS (+14.1% y/y) and OPEX (+26.0% y/y) and the elevated net finance […]
Results & Dividends
MTNN’s Strong Revenue Growth overshadowed by soaring costs and Forex losses in FY23
FSDH Initial Reaction: MTN Nigeria FY23 results Kindly click here to download the report. March 1, 2024/FSDH Research Key Performance Highlights: In FY23, the economic landscape was significantly shaped by escalating inflation, sharp currency devaluation, foreign exchange shortages, and geopolitical disturbances. Despite this challenging operational environment, MTNN recorded a revenue […]
Dangote Cement Plc FY 2023: A Strong Performance
March 1, 2024/CSL Research Dangote Cement’s recently released FY 2023 results showed the company’s Revenue increased by 36.4% y/y, to N2.21tn for FY 2023 from N1.62tn in 2022. Quarterly, performance was resilient, as Revenue was up by 23% q/q to N693.49bn in Q4 2023 from N563.77bn in Q3 2023. Given […]
