October 31, 2023/CSL Research Despite inflationary pressures, in its 9M earnings results, Dangote Sugar Plc’s (DANGSUGAR) Revenue was largely driven by accretion in its sales of sugar (50kg), sugar (retails) and molasses to N298bn (+6.6% y/y), N8.51bn (+54.3% y/y) and N1.96bn (+14.3% y/y) respectively while its Freight Income declined by […]
Results & Dividends
UBA Plc 9M 2023: Operating Performance Still Strong Ex Windfall Gains
October 31, 2023/CSL Research UBA’s 9M 2023 unaudited numbers showed a strong 58.6% y/y growth in Interest Income to N666.3bn driven mainly by growth in Interest Income on Investment Securities, loans and on cash and bank balances. Net Loans to customers grew 57.4% in 9M 2023 compared to December 2022, […]
BUA Cement Plc Q3-23: Higher Net Finance Cost Undermines Earnings Growth
October 31, 2023/Cordros Report BUA Cement Plc (BUACEMENT) published its Q3-23 unaudited financials yesterday (30 October), reporting a standalone EPS of NGN0.37 (-1.6% y/y) bringing the 9M-23 EPS to NGN2.25 (+2.8% y/y). The lower EPS print was due to a 240.4% y/y surge in net finance cost amid increases in […]
