May 2, 2023/CSL Research Dangote Cement reported a marginal decline in Revenue by 1.6% y/y to N406.22bn in Q1 2023 from N413.18bn in Q1 2022 based on its recently released Q1 2023 results. On a q/q basis, performance was disappointing, as Revenue was down by 7.1% q/q from N441.07bn in […]
Results & Dividends
Dangote Sugar Refinery Plc Q1-23: Strong Earnings Outturn Despite Slow Topline Growth
May 2, 2023/Cordros Report Dangote Sugar Refinery Plc (DANGSUGAR) released its Q1-23 unaudited financials earlier today, in which the company recorded a PAT growth of 44.3% y/y with an EPS of NGN1.05 (Q1-21: NGN0.73), following an expansion in gross margin (+458bps y/y). DANGSUGAR’s revenue grew by 8.2% y/y in Q1-23, […]
GTCO Q1-23: Core Income Growth Boosts Profitability
May 2, 2023/Cordros Report Guaranty Trust Holding Company Plc (GTCO) released its Q1-23 unaudited financial statements last Friday, reporting a 35.1% y/y rise in EPS for the period under review (Q1-23: NGN2.04 vs Q1-22: NGN1.51). The impressive growth in the Holdco’s earnings was driven by the expansion across its funded […]
