FSDH Initial Reaction: Dangote Cement FY22 results Kindly click here to download the report. February 28, 2023/FSDH Research Key Performance Highlights: Dangote Cement Group revenue increased by 17.0% YoY to N1,618.3 billion in FY22 (2021: N1,384.6 billion) and 22.0% YoY in 4Q22 to N441.1 billion. The revenue growth was led […]
Results & Dividends
Nigeria Breweries FY 2022: FX Losses depress Net Profit Margin despite strong Revenue growth
February 28, 2023/Cordros Report Nigerian Breweries PLC retained its y/y upbeat in Revenue. The FY 2022 audited numbers showed that Revenue grew by 25.9% y/y to N550.64bn (FY 2022) from N437.29bn (FY 2021). Also, on a q/q basis, Revenue grew strongly, up 31.7% in Q4 to N157.19bn from N119.37bn recorded […]
Dangote Cement Plc 2022FY: Impressive Topline Growth Sustains Profitability
February 28, 2023/Cordros Report Dangote Cement Plc (DANGCEM) released its 2022FY audited financials yesterday, reporting an EPS of NGN22.27 (2021FY: NGN21.24). The achieved EPS (3.1% higher than our estimates) was driven by the robust growth in its topline (+17.0% y/y) and a moderation in tax expense (-18.5% y/y) during the […]
