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 […]

GTCO Reports Profit Before Tax of ₦169.7 Billion in Q3’2022

October 25, 2022/JSP Communications Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦169.7billion, representing an […]