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, […]
Results & Dividends
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 […]
MTN Nigeria Communications Plc Q3-23: Margins Weakens on Currency Pressures
October 30, 2023/Cordros Report MTN Nigeria Communications Plc (MTNN) released its Q3-23 unaudited results this morning, showing a decrease in standalone EPS to NGN0.93 (Q3-22: NGN4.22), bringing 9M-23 EPS to NGN7.06 (9M-22: NGN12.89). Just as in H1-23, the dip in earnings was driven mainly by higher expenses (+36.6% y/y) and […]
