November 10, 2023/CSL Research BUA Cement’s +27.92% y/y Revenue growth in 9M 2023 was primarily driven by an increase in price and sales volumes. BUA Cement reported increases in prices in 9M 2023 with average cement price rising by 21.4% to N68,540/ton from N56,468/ton in 9M 2022 while sales volumes […]

November 9, 2023/Cordros Report We update our views and estimates on MTNN for 2023E, following the publication of the company’s 9M-23 financials. As envisaged in our previous update (see our MTNN H1-23 Earnings Update here) the impact of currency devaluation was significantly felt in Q3-23 as EBITDA (-240bps y/y) and […]

November 9, 2023/JSP Communications Group: Record half-year profit of AED 10.1 billion (US$ 2.7 billion), up 138% from the same period last year, driven by strong demand for international travel across regions. Revenue up 20% to AED 67.3 billion (US$ 18.3 billion). Emirates: Revenue up 19% to AED 59.5 billion […]