July 31, 2023/Cordros Report NESTLE published its Q2-23 unaudited results on Friday (28 July), revealing a standalone loss per share of NGN74.04 (vs EPS of NGN12.33 in Q2-23). As a result, the H1-23 loss per share amounted to NGN63.06 (vs EPS of NGN35.01 in H1-22). The decline in earnings is attributed […]
Results & Dividends
Dangote Cement Plc Q2-23: Higher Net Finance Cost Underpin Slow Earnings Growth
July 31, 2023/Cordros Report Dangote Cement Plc (DANGCEM) released its Q2-23 unaudited financials on Friday (28 July), reporting a modest standalone EPS growth of 0.7% y/y to NGN3.95 (Q2-22: NGN3.92), bringing the H1-23 EPS to NGN10.39 (H1-22: NGN10.10). The EPS growth was inhibited by the surge in net finance cost […]
Lafarge Africa Plc Q2-23: Higher Tax Charge Weakens Profitability Expansion
July 31, 2023/Cordros Report Lafarge Africa Plc (LAFARGE) released its Q2-23 unaudited financials over the weekend, reporting a standalone EPS growth of 3.2% y/y to NGN1.27 in Q2-23 (Q2-22: NGN1.23), bringing the H1-23 EPS to NGN2.20 (H1-22: NGN2.23). The muted growth in EPS was undermined by the increased tax expense […]
