August 2, 2022/Cordros Report Ardova Plc (ARDOVA) published its Q2-22 unaudited financials on Friday (July 29), reporting a Loss Per Share of NGN1.02 in Q2-22 standalone numbers (vs EPS of NGN0.70 in Q2-21). Accordingly, H1-22 Loss Per Share settled at NGN0.88 (vs EPS of NGN0.38 in H1-21). The loss was […]
Results & Dividends
Nigerian Breweries Maintains Strong Business Momentum in 2Q22
FSDH Initial Reaction: Nigerian Breweries 2Q22 results Kindly click here to download the report. August 2, 2022/FSDH Research Key Performance Highlights: Nigerian Breweries reported a solid 31.6% YoY revenue growth to N136.3 billion in 2Q22. The cost of sales jumped 20.2% YoY to N80.0 billion in 2Q22, compared to N66.56 […]
Nestle Nigeria Reports Robust Operating Performance, Marred by Elevated Finance Costs in 2Q22
FSDH Initial Reaction: Nestle Nigeria 2Q22 results Kindly click here to download the report August 2, 2022/FSDH Research Key Performance Highlights: Nestle Nigeria reported strong revenue growth of 33.3% YoY to N112.2 billion in 2Q22. A strong showing across both segments drove the performance. The revenue growth was primarily driven […]
