May 4, 2022/CSL Research Fidelity Bank’s recently released unaudited Q1 2022 numbers showed a very marginal y/y growth in Pre-tax profit, mainly due to a significant uptick in funding costs which dragged Net Interest Income. Interest Income grew 44.1% y/y, which according to the bank’s Management, was driven by expansion […]
Results & Dividends
Okomu Oil Palm Plc Q1- 22: Higher CPO Prices Drives Record Earnings Outturn
May 4, 2022/Cordros Report Event: OKOMU Oil Palm Plc (OKOMUOIL) published its Q1-22 unaudited results at market close on Friday (29 April). The company reported a PAT growth of 80.2% y/y to NGN9.50 billion (Q1-21: NGN5.27 billion), representing an EPS print of NGN9.96 (Q1-21: NGN5.53) owing to the strong revenue […]
Dangote Cement Plc Q1-22: Impressive Bottomline Growth Despite Margin Pressures
May 4, 2022/Cordros Report Event: DANGCEM published Q1-22 unaudited financials last week Friday (April 29), reporting PAT growth of 18.0% y/y to NGN105.85 billion while EPS grew by 17.0% y/y to N6.18/s. The growth in EPS was driven mainly by the strong topline growth (+24.2% y/y), which proved sufficient in […]
