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 […]

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 […]

October 31, 2023/Cordros Report Lafarge Africa Plc (LAFARGE) published its Q3-23 unaudited financials yesterday (30 October). The result showed that Q3-23 standalone EPS settled lower at NGN0.24/share (-48.9% y/y), moderating 9M-23 EPS to NGN2.44/share (-12.6% y/y). The decline in earnings was driven by higher net finance costs (+918.1% y/y) reflective […]