November 1, 2022/Cordros Report The Okomu Oil Palm Company Plc (OKOMUOIL) published its Q3-22 unaudited financials yesterday, reporting a standalone EPS of NGN1.27 (Q3-21: NGN2.17). The decline in EPS is primarily due to a 41.9% y/y decline in operating profit. However, the 9M-22 EPS increased by 55.6% y/y to NGN18.92 […]
Results & Dividends
Nigerian Breweries Continues Strong Top-Line Momentum in 3Q’22; Bottom-Line Affected by Rising Operating Expenses
FSDH Initial Reaction: Nigerian Breweries 3Q22 results Kindly click here to download the report. October 31, 2022/FSDH Research Key Performance Highlights: Nigerian Breweries reported a strong 19.3% YoY revenue growth to N119.4 billion in 3Q22. The cost of sales jumped 24.0% YoY to N83.6 billion in 3Q22, compared to N67.4 […]
Airtel Africa’s Strong Top-Line Performance Dampened by FX and Derivative Losses in 2Q’23
FSDH Initial Reaction: Airtel Africa Plc 2Q23 results Kindly click here to download the report. October 31, 2022/FSDH Research Key Performance Highlights: Airtel Africa recorded a 12.7% YoY revenue growth in reported currency to US$1,308 million in 2Q23 (+18.5% in constant currency terms). This overall growth is in-line with the […]
