October 30, 2023/Cordros Report FBN Holdings Plc (FBNH) published its 9M-23 unaudited numbers after the close of business on Friday (27 October), which showed that the Holdco recorded a 160.6% y/y increase in earnings per share to NGN6.54 (vs 9M-22: NGN2.51). We attribute the substantial earnings expansion to the increases […]
Results & Dividends
Nestle Nigeria Plc Q3-23: Huge FX Loss Pressures Profitability
October 30, 2023/Cordros Report Nestle Nigeria Plc (NESTLE) published its Q3-23 unaudited results on Friday (27 October), revealing a 44.3% y/y decrease in Q3-23 standalone PAT with an EPS of NGN8.72 (Q3-22: NGN15.65). The EPS decline in the quarter was primarily due to the substantial FX loss (NGN3.67 billion | […]
Fidson Healthcare Plc Announces Series 5 & 6 Commercial Paper Issuance
October 30, 2023/FSDH Update Fidson Healthcare Plc (“Fidson” or the “Company”) Series 5 & 6 Commercial Paper (“CP”) of up to ₦5 Billion under its ₦10 billion CP Programme (the “Programme”) is Now Open and scheduled to close on Monday, 6 November 2023. Fidson is one of the leading pharmaceutical manufacturing companies in Nigeria. The Company […]
