October 30, 2023/Cordros Report PRESCO published its Q3-23 unaudited financials on Friday (27 October), revealing a significant increase (+249.5% y/y) in standalone EPS to NGN8.40 in Q3-23 (Q3-22: NGN2.40), underpinned by impressive revenue growth (+64.6% y/y) and lower net finance costs (-5.3% y/y). For 9M-23, the EPS printed NGN23.47 (9M-22: NGN15.88), recording an increase […]

October 30, 2023/CSL Research Nestle Nigeria Plc’s (Nestle) Revenue advanced by 18.93% y/y to N396.59bn in its 9M 2023 earnings from N333.47bn in the corresponding year. The company’s Revenue performance was buoyed by the 19.88% y/y growth in its domestic sales to N396.10bn. However, Nestle’s export sales pared significantly, down […]

October 30, 2023/United Capital Research Access Holdings Plc (the Bank, or the HoldCo) released its 9M-2023 results, showing that Gross Earnings (GE) crossed the N1.0tn mark. The growth in the top line was driven by increases in its interest income, which grew by 83.4% y/y. Overall, profitability improved as Profit Before […]