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 […]

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 […]

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) […]