FSDH Initial Reaction: BUA Cement FY23 results Kindly click here to download the report. March 4, 2024/FSDH Research Key Performance Highlights: BUA Cement reported strong operating performance in FY23 as its revenue jumped 27.4% YoY to N460.0 billion, outperforming Lafarge Africa’s (closest peer) 8.6% YoY revenue growth in FY23. However, […]
Results & Dividends
NGX Group Declares N5.2 Billion PAT, N1.5Bn Dividend in FY 2023 Financial Results
March 4, 2024/NGX Nigerian Exchange Group Plc (NGX Group or the Company) is pleased to announce its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a declaration of a final dividend of N1.5 billion. The Group experienced […]
Dangote Sugar Refinery Plc 2023FY: FX Devaluation Underpins Net Losses Amid Weak Fundamentals
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 […]
