Results & Dividends

Access Holdings Plc 9M-23: Funded and Non-Funded Income Growth Boosts Earnings

October 26, 2023/Cordros Report Access Holdings Plc (ACCESSCORP) published its 9M-23 unaudited financial statements after the close of business yesterday (25 October), reporting a 78.8% y/y increase in EPS to NGN6.92 (9M-21: NGN3.87). This earning expansion was driven by the gains across the group’s funded (+83.3% y/y) and non-funded (+63.7% y/y) […]

Guinness Nigeria Plc Q1-24: Earnings Impacted by Higher Net Finance Costs

October 26, 2023/Cordros Report Guinness Nigeria Plc (GUINNESS) published its unaudited Q1-24 results after market close yesterday (25 October), reporting a 5.6% y/y decline in EPS to NGN1.19 (Q1-23: NGN1.25) undermined by higher net finance costs (+117.8% y/y). Adjusting for the export expansion grant (NGN1.35 billion), the company reported an […]

Nigerian Breweries Plc Q3-23: Weak Operating Performance, Higher Net Finance Costs Drags Earnings

October 26, 2023/Cordros Report Nigerian Breweries Plc (NB) published its Q3-23 unaudited financials after close of business yesterday (25 October). The results showed a loss per share of NGN1.16 (vs loss per share of NGN0.49 in Q3-22), due to the higher net finance costs (+49.5% y/y). As a result, 9M-23 […]