October 31, 2022/Cordros Report International Breweries Plc (INTBREW) published its Q3-22 (9M-22) unaudited results over the weekend, reporting a loss per share of NGN0.12 in standalone Q3-22 (vs EPS of NGN0.08 in Q3-21), translating to a smaller loss per share of NGN0.10 in 9M-22 (-80.8% y/y). The negative outturn in […]
Results & Dividends
Nestle Nigeria Plc Q3-22: Sturdy Topline Growth Ensures Profitability amid Falling Margins
October 31, 2022/Cordros Report Nestle Nigeria Plc (NESTLE) published its Q3-22 unaudited results over the weekend, reporting a 4.6% y/y increase in Q3-22 standalone PAT with an EPS of NGN15.65 (Q3-21: NGN14.95), bringing the 9M-22 EPS to NGN50.66 (+19.6% y/y; 9M-21: NGN42.37). The EPS increase in Q3-22 was primarily driven […]
Ardova Plc Q3-22: Higher Costs Continue to Pressure Earnings
October 31, 2022/Cordros Report Ardova Plc (ARDOVA) published its Q3-22 unaudited financials over the weekend, reporting a loss per share of NGN2.44 in Q3-22 (vs loss per share of NGN0.41 in Q3-21), driven by a decline in gross margin (-246bps y/y) and higher net finance costs (+193.3% y/y). Consequently, the […]
