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 […]

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. […]

FSDH Initial Reaction: Lafarge Africa FY23 results  Kindly click here to download the report. March 1, 2024/FSDH Report Key Performance Highlights: Lafarge Africa reported decent sales growth despite challenging macroeconomic headwinds in FY23. Looking at the top line, the revenue grew 8.6% YoY to N405.5 billion, while the cost of […]