October 27, 2022/Cordros Report Guinness Nigeria Plc (GUINNESS) published its unaudited Q1-23 results yesterday, reporting a 32.0% y/y decline in EPS to NGN1.25 (Q1-22: NGN1.85), on the back of lower revenue generation (+11.3% y/y) as well as a higher operating expense (+44.7% y/y) and net finance costs (+232.8% y/y). Revenue […]
Results & Dividends
Lower Opex Margin Drives Cadbury’s 9M’22 EBITDA Growth, Ticks 52.8% Up
October 27, 2022/CSL Research Cadbury Nigeria Plc’s 9M 2022 numbers showed a 41.6% y/y growth in Revenue to N42.54bn in 9M 2022 from N30.05bn in 9M 2021. However, Revenue moderated slightly by 2.8% q/q to N14.66bn in Q3 2022 from N15.09bn in Q2 2021. This was driven by a -7.58% […]
Guaranty Trust Holding Company Plc 9M-22: Higher Income Tax Expense Pressures Profitability
October 26, 2022/Cordros Report Guaranty Trust Holding Company Plc (GTCO) released its nine-month unaudited financial statements after market close yesterday, reporting a marginal increase (+0.2% y/y) in EPS for the period under review (9M-22: NGN4.55 vs 9M-21: NGN4.54) as the HoldCo’s higher income tax expense (+74.9% y/y) pressured the bank’s […]
