March 2, 2023/Cordros Report NASCON Allied Industries Plc (NASCON) released its 2022FY audited results today, in which the company reported an 84.1% y/y growth in 2022FY EPS to NGN2.06 (2021FY: NGN1.12). The growth in 2022FY EPS was driven mainly by the stellar expansion in the company’s topline (+76.6% y/y). NASCON’s […]
Results & Dividends
Lafarge Africa Records Strong Growth in FY22
FSDH Initial Reaction: Lafarge Africa FY22 results Kindly click here to download the report. March 1, 2023/FSDH Research Key Performance Highlights: Lafarge Africa recorded a 27.3% YoY revenue growth in FY22, outperforming its closest competitor, Dangote Cement (+17.0% YoY). Lafarge Africa’s revenues grew 27.3% YoY to N373.2 billion in FY22, […]
NESTLE FY 2022: EBITDA Margin shrinks as COGS grew faster than Revenue
March 1, 2023/CSL Research Nestle Nigeria plc’s full year 2022 numbers showed a strong growth in Revenue, up 27.0% y/y to N446.82bn (FY 2022) from N351.82bn (FY 2021). This was supported by growth in both the Food Products and Beverages segments. Maggi seasoning, cerelac, nan and other household names in […]
