Results & Dividends

FBN Holdings reports solid bottom-line performance driven by higher recoveries in FY21

Kindly click here to download the report. May 26, 2022/FSDH Report Key Performance Highlights: FBN Holdings filed its FY21 results on 26 May, reporting stellar performance with gross revenue growing by 28.4% to N757.6 billion and profit before tax rising by 99.1% to N166.7 billion. The company reported a massive […]

Dangote Cement Plc Q1 2022 Earnings Update: Demand is Still Strong, Supply is the Limiting Factor

May 24, 2022/CSL Research Dangote Cement also had a fair share of the impact of the current inflationary pressures, FX depreciation and supply chain disruptions on business volumes as its group volume was down 3.6% y/y to 7.2m MT in Q1 2022. However, the combined better price realization (up 28.9% […]

Okomu Oil Palm Plc Q1-22 Update: Sound Fundamentals but Valuation is Stretched

May 23, 2022/Cordros Report OKOMUOIL’s impressive Q1-22 numbers reflected the positive effects of the surge in Crude Palm Oil (CPO) price on revenue, with key lines growing substantially in the quarter. For 2022FY, given that we see no respite to the Russia/Ukraine crisis and the global CPO supply deficit – […]