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, […]

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 […]

May 2, 2023/Cordros Report Zenith Bank Plc (ZENITHBANK) published its Q1-23 unaudited financial report last Friday, which showed that the bank delivered double-digit expansion both at the top-line (+41.0% y/y) and bottom-line (+13.4% y/y) during the period. Subsequently, the group recorded an increase in its Q1-23 EPS to NGN2.10 (+13.5% […]