January 30, 2023/Cordros Report TotalEnergies Marketing Nigeria Plc (TOTAL) published its Q4-22 unaudited financials today, reporting EPS growth of 13.0% y/y to NGN11.57 in Q4-22 (Q4-21: NGN10.24), supported by improved revenue (+46.6% y/y) and lower operating expenses (-10.1% y/y). Meanwhile, 2022FY EPS declined by 2.5% y/y to NGN48.40 (2021FY: NGN49.66), […]
Results & Dividends
Guinness Nigeria’s moderate top-line performance dampened by foreign exchange losses, rising administrative expenses in 2Q23
FSDH Initial Reaction: Guinness Nigeria 2Q23 results Kindly click here to download the report. January 30, 2023/FSDH Research Key Performance Highlights: Guinness Nigeria, a leading beverage and alcohol company, reported a mixed set of numbers for 2Q23. The company recorded revenue growth of 6.4% YoY to N65.6 billion in 2Q23 […]
Guinness Nigeria Plc Q2-23: Higher Finance Costs Inhibits Profitability
January 27, 2023/Cordros Report GUINNESS Nigeria Plc (GUINNESS) published its Q2-23 (H1-23) unaudited results yesterday, reporting a 73.3% y/y decline in Q2-23 standalone EPS to NGN0.58 (Q2-22: NGN2.18). Thus, H1-23 EPS settled lower at NGN1.84 (H1-22: NGN4.03). The negative surprise in EPS was due to higher operating costs (+15.6% y/y) […]
