January 31, 2023/InvestmentOne Report H1 2023 result highlight: Modest Topline performance Revenue growth: up 24.13% q/q, 8.55% y/y Expansion in gross profit margin: up 215bps q/q, 225bps y/y Decline in PBT margin: down 274bps q/q, 577bps y/y Contraction in PAT margin: down 324bps q/q, 7706bps y/y Decent Topline Performance […]
Results & Dividends
Ardova Plc Q4-22: Weak Topline Growth Undermines Earnings
January 31, 2023/Cordros Report Ardrova Plc (ARDOVA) published its Q4-22 unaudited financials yesterday, reporting a loss per share of NGN2.17 in Q4-22 (vs loss per share of NGN3.90 in Q4-21), bringing the 2022FY loss per share to NGN5.83 (vs LPS of NGN2.95 in 2021FY). Revenue contracted by 10.9% y/y […]
Flour Mills of Nigeria Plc Q3-23: Higher Net Finance Costs Weaken Earnings
January 31, 2023/Cordros Report Flour Mills of Nigeria Plc (FLOURMILL) published its 9M-23 unaudited results yesterday, reporting Q3-23 standalone EPS of NGN0.90 (Q3-22: NGN1.57) and 9M-23 EPS of NGN2.87 (9M-22: NGN4.00). The EPS contraction was underpinned by a 127.0% y/y expansion in net finance costs. Revenue grew by 30.2% y/y […]
