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 […]
Results & Dividends
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 […]
Guinness Nigeria Plc Q1-23: Earnings Pressured by Higher OPEX and Net Finance Cost
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 […]
