Results & Dividends

Guinness Nigeria’s FY23 performance impacted by Naira devaluation

FSDH Initial Reaction: Guinness Nigeria FY23 results  Kindly click here to download the report. July 28, 2023/FSDH Key Performance Highlights: Guinness Nigeria, a leading beverage and alcohol company, recorded mixed operating performance in FY22, with a handsome 10.9% YoY revenue growth but a slight 2.3% YoY fall in operating profit. […]

Seplat Energy’s lukewarm revenue growth worsened by increased costs in 2Q23

FSDH Initial Reaction: Seplat 2Q23 results  Kindly click here to download the report. July 28, 2023/FSDH Key Performance Highlights: Seplat Energy reported muted top-line growth in 2Q23, with revenues growing a mere 6.5% YoY, after a blockbuster 37.6% growth in FY22 and a 51.1% spurt in 1Q23. The net profit […]

NASCON Allied Industries Plc  Q2-23: Sturdy Revenue Growth Continues to Support Profitability

July 28, 2023/Cordros Report NASCON Allied Industries Plc (NASCON) published its unaudited Q2-23 financials this afternoon, reporting a standalone EPS of NGN1.57 (Q2-22: NGN0.50), bringing H1-23 EPS to NGN2.20 (H1-22: NGN0.58). The EPS increase was driven by the sturdy growth in sales (48.0% y/y) recorded in the reporting period. Revenue […]