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 […]
Results & Dividends
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 […]
Dangote Sugar Refinery Plc Q2-23: FX Devaluation Pumps Exchange Rate Loss and Wipes Topline Gains
July 31, 2023/Cordros Report Dangote Sugar Refinery Plc (DANGSUGAR) released its Q2-22 unaudited financials yesterday, in which the company reported a standalone loss per share of NGN3.36 (vs EPS of NGN0.94 in Q2-22), resulting in a loss per share of NGN2.30 for H1-23 (vs EPS of NGN1.67 in H1-22). The […]
