October 27, 2022/CSL Research Nigerian Breweries plc has maintained a steady y/y growth in Revenue and PAT despite the prevailing hike in cost of doing business. The 9M 2022 unaudited numbers showed that Revenue grew by 27.2% y/y to N393.45bn (9M 2022) from N309.28bn (9M 2021). However, on a q/q […]
Results & Dividends
Zenith Bank Q3’22: Growth in both Interest and Non-Interest Revenue Drive Y/Y Grofit growth
October 27, 2022/CSL Research Zenith Bank’s 9M 2022 unaudited numbers showed 26.5% y/y growth in Interest Income grew to N390.8bn from N308.8bn driven mainly by growth in Net Loans and an improvement in pricing. Q/q (Q2 2022 compared with Q1 2022), Interest Income was up 29.2% q/q. Net Loans to […]
Nigerian Breweries Plc Q3-22: Cost Pressures Weighs on Margins and Earnings
October 27, 2022/Cordros Report Nigerian Breweries Plc (NB) published its Q3-22 (9M-22) unaudited results after yesterday’s market close, reporting a Loss Per Share of NGN0.49 in Q3-22 (vs EPS of NGN0.06 in Q3-21), driven by a weaker gross margin (-262bps y/y), higher operating expenses (+30.9% y/y) and net finance cost […]
