April 3, 2023/Cordros Report DANGSUGAR’s 2022FY performance was in line with our expectations (Click here for our last update). We like that DANGSUGAR put up a resilient showing in 2022FY amid sector headwinds such as consumers’ price sensitivity, FX illiquidity, inflationary pressures, and structural inefficiencies. Going into 2023E, we expect […]
Results & Dividends
NASCON Allied Industries Plc 2022FY Update: Higher Pricing Key Catalyst to Earnings
April 3, 2023/Cordros Report In this report, we review our estimates and update our views on NASCON for 2023E. Over 2022FY, NASCON outperformed our expectations with the food producer maintaining the pace of top- and bottom-line growth it started the year with. Furthermore, we like that the food producer maintained […]
UBA Delivers Robust All-Round Performance in FY22
April 3, 2023/FSDH FSDH Initial Reaction: United Bank for Africa FY22 results Kindly click here to download the report. Key Performance Highlights: United Bank for Africa reported a solid set of numbers for FY22, with the gross earnings jumping 29.6% YoY to N852.9 billion and the net profit surging 43.5% […]
