August 1, 2022/Cordros Report Dangote Sugar Refinery Plc (DANGSUGAR) released its Q2-22 unaudited financials last week Friday, reporting standalone EPS of NGN0.94 (NGN0.35); bringing H1-22 EPS to NGN1.67 (H1-21: NGN1.04). The EPS growth was driven by the stellar growth in sales (+41.0% y/y) in the period. DANGSUGAR’s revenue increased markedly […]

August 1, 2022/CSL Research Guinness Nigeria plc (June Year-end) sustained growth across key performance indicators. The Foreign Extra Stout brewer recorded Revenue growth of 28.9% y/y to N206.82bn (FY 2022) from N160.42bn (FY 2021). However, on a q/q basis, the Revenue moderated by 5.8% to N47.38bn in Q4 2022 from […]

FSDH Initial Reaction: Lafarge Africa 2Q22 results  Kindly click here to download the report. August 1, 2022/FSDH Research Key Performance Highlights: Lafarge Africa continued to report double-digit revenue growth in 2Q22, with the revenue jumping 30.5% YoY, but underperforming its close competitor, BUA Cement (+45.2% YoY). Lafarge Africa’s revenues grew […]