August 1, 2022/Cordros Report Presco Plc (PRESCO) published its Q2-22 unaudited financials on Friday (July 29) reporting a standalone EPS growth of 12.7% y/y to NGN7.59 in Q2-22 (Q2-21: NGN6.73). Accordingly, H1-22 EPS stood at NGN13.47 (+33.1% y/y). The growth in EPS was driven by stellar growth in revenue amid […]
Results & Dividends
Nestle Nigeria Plc Q2-22: Revenue Growth Sustained but Margins Remain Weak
August 1, 2022/Cordros Report Nestle Nigeria Plc (NESTLE) published its Q2-22 unaudited result last week Friday, reporting standalone EPS of NGN12.33 (NGN11.77); bringing H1-22 EPS to NGN35.01 (H1-21: NGN27.42). The EPS outturn was supported by the sturdy top-line expansion (+33.3% y/y) in the period. We highlight that the EPS print […]
Dangote Sugar Refinery Plc Q2-22: Earnings Buoyed by Stronger Sales Outturn
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 […]
