March 1, 2024/Cordros Report Dangote Cement Plc (DANGCEM) released its 2023FY audited financials this morning, reporting an EPS of NGN26.47 (2022FY: NGN22.27). The EPS print was underpinned by the stellar revenue (+36.4% y/y) growth and a moderation in tax expenses (-31.2% y/y) amid the higher net finance cost (+209.4% y/y) […]
Results & Dividends
BUA Cement Plc 2023FY: Elevated Cost Pressures Impede Earnings Growth
March 1, 2024/Cordros Report BUA Cement Plc (BUACEMENT) released its 2023FY audited financials yesterday (29 February), reporting an EPS of NGN2.05 (2022FY: NGN2.98). The significant decline in the company’s EPS was due to rising COGS ex-depreciation (+42.1% y/y) and OPEX ex-depreciation (+12.8% y/y) amid further drain from the huge FX […]
Seplat Energy Ends FY23 on a High Note
FSDH Initial Reaction: Seplat FY23 results Kindly click here to download the report March 1, 2024/FSDH Research Key Performance Highlights: Seplat published robust FY23 results, with production increasing 8% YoY. During the year, Seplat’s revenue exhibited a 72.5% YoY increase, amounting to N696.9 billion, up from N403.9 billion in FY22. […]
