October 31, 2023/CSL Research FX Gain keeps Net Profit afloat In its 9M 2023 earnings results, the Revenue of UAC of Nigeria Plc. (UACN) advanced by 4.8% y/y to N81.53bn from N77.81bn in 9M 2022. This was predicated on the mixed performances of its Revenue segments. The Paints, Packaged Foods […]
Results & Dividends
International Breweries Plc Q3-23: Escalating Net Finance Cost Erodes Topline Gains
October 31, 2023/Cordros Report International Breweries Plc (INTBREW) released its Q3-23 unaudited results this morning, marking a 50.0% y/y increase in standalone Q3-23 loss per share to NGN0.18 (vs loss per share of NGN0.12 in Q3-22), translating to a higher loss per share of NGN1.06 in 9M-23 (9M-22: NGN0.10). The […]
Dangote Sugar Refinery Plc Q3-23: Weak Fundamentals Drags Profitability
October 31, 2023/Cordros Report Dangote Sugar Refinery Plc (DANGSUGAR) released its Q3-23 unaudited financials yesterday (30 October), reporting standalone EPS of NGN0.08 (Q3-22: NGN0.38) pressured by a substantial increase in cost of sales (+19.2% y/y) and expenses (+18.0% y/y) relative to revenue (+4.0% y/y). On the whole, 9M-23 loss per […]
