Results & Dividends

Seplat Energy Delivers Robust Top-Line Growth in FY22

FSDH Initial Reaction: Seplat FY22 results  Kindly click here to download the report. March 2, 2023/FSDH Research Key Performance Highlights: Seplat Energy reported FY22 results, with revenues jumping 37.6% YoY to N403.9 billion, while the net profit declined marginally 5.3% YoY to N44.4 billion in FY22 versus a net profit […]

Nigerian Breweries Plc 2022FY: Update Pricing and Premiumisation To Headline 2023FY Performance

March 2, 2023/Cordros Report We update our views on Nigerian Breweries Plc (NB) following its 2022FY result. We view NB as a value name in the Nigerian brewery industry due to its large market share (54.2%; as of 9M-22), high margins, impressive FCF generation and consistent dividend payments. Thus, we […]