FSDH Initial Reaction: BUA Cement 2Q23 results Kindly click here to download the report. July 31, 2023/FSDH Key Performance Highlights: BUA Cement reported robust numbers in 2Q23 as its revenue increased 25.3% YoY to N114.7 billion, while net profit vaulted 30.5% YoY to N36.8 billion in 2Q23. Moreover, the cost […]
Results & Dividends
Nigerian Breweries’ solid operating performance dampened by FX losses in 2Q23
FSDH Initial Reaction: Nigerian Breweries 2Q23 results Kindly click here to download the report. July 31, 2023/FSDH Key Performance Highlights: Nigerian Breweries reported a 13.1% YoY increase in revenue to N154.1 billion in 2Q23 against N136.3 billion in 2Q22. During 2Q23, several factors significantly impacted the Company, including the removal […]
MTN Nigeria Communications Plc Q2-23: Net FX Losses Neuters Profitability Expansion
July 31, 2023/Cordros Report MTN Nigeria Communications Plc (MTNN) released its Q2-23 unaudited results at the close of business on Friday (July 28), showing a 67.1% y/y decrease in standalone EPS to NGN1.38, bringing H1-23 EPS to NGN6.33 (Q2-22: NGN8.95). The dip in earnings was driven mainly by the marked […]
