May 2, 2023/Cordros Report NESTLE published its Q1-23 unaudited results on Friday (28 April), reporting a 9.8% y/y decline in EPS to NGN20.45 (Q1-22: NGN22.68) on higher finance costs (+125.8% y/y). Revenue advanced by 16.1% y/y in Q1-23, following sturdy growth in NESTLE’s Food (+22.7% y/y | 63.4% of revenue) […]
Results & Dividends
International Breweries Plc Q1-23: Weak Topline and Cost Pressures Stifles Earnings
May 2, 2023/Cordros Report International Breweries Plc (INTBREW) published its Q1-23 unaudited results after the close of market on Friday (28 April), reporting a loss per share of NGN0.09 in Q1-23 (vs earnings per share of NGN0.03 in Q1-22). The negative earnings outturn was influenced by a decline in revenue […]
BUA CEMENT Q1 2023:Elevated Costs Drag PBT
April 28, 2023/CSL Research In its recently released Q1 2022 results, BUA Cement Plc reported a 9.7% y/y Revenue growth to N106.35bn in Q1 2023 from N96.99bn in the prior period (Q1 2022). Similarly, on a q/q basis, Revenue was up by 8.1% from N98.39bn in Q4 2022. While no […]
