October 31, 2023/Cordros Report Zenith Bank Plc (ZENITHBANK) released its 9M-23 unaudited financial statements after the close of business yesterday (30 October), which showed that the bank delivered a 149.0% y/y rise in EPS for the period under review to NGN13.82 (vs 9M-22: NGN5.55). This impressive growth in the Holdco’s […]
Results & Dividends
MTNN’s Solid Top-Line Performance Continues to be Hampered by FX Losses in 3Q23
FSDH Initial Reaction: MTN Nigeria 3Q23 results Kindly click here to download the report. October 31, 2023/FSDH Research Key Performance Highlights: On 30 October 2023, MTN Nigeria reported its 3Q23 results, registering double-digit growth of 21.4% YoY to N614.2 billion in 3Q23. The service revenue jumped 20.9% YoY to N610.2 […]
Dangote Sugar Plc 9M 2023: FX Losses Lead to a Loss Position
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 […]
