October 31, 2022/Cordros Report Presco Plc (PRESCO) published its Q3-22 unaudited financials over the weekend, reporting a standalone EPS of NGN2.40 in Q3-22 (Q3-21: NGN3.65). The moderation in EPS was driven by a sharp increase in net finance costs (Q3-22: NGN2.10 billion | Q3-21: NGN104.90 million). Consequently, the 9M-22 EPS […]
Results & Dividends
Access Holdings Plc | 9M-22: Strong Non-Core Income Growth Supports Performance
October 30, 2022/Cordros Report ACCESSCORP published its 9M-22 unaudited financials over the weekend, reporting a double-digit earnings growth (EPS: +12.1% y/y to NGN3.88 vs 9M-21: NGN3.46), supported by an expansion in core (+21.5% y/y) and non-core (+50.3% y/y) income. Interest income rose by 21.5% y/y to NGN571.98 billion, aided by […]
Access Holding 9M’22: Reduced OPEX & Impairment Charge Drive Q3 Profit Growth
October 31, 2022/CSL Research Access Holding’s 9M 2022 unaudited numbers showed a 21.5% y/y growth in Interest Income driven by growth in Interest Income on Net Loans to Customers which was up 11.1% in 9M 2023 compared to the December position. Interest Expense also grew strongly, up 43.4% y/y and 31.8% […]
