April 29, 2022/Cordros Report Event: Dangote Sugar Refinery Plc (DANGSUGAR) released its Q1-22 unaudited financials earlier today, reporting a PAT growth of 6.8% y/y with an EPS of NGN0.73 (Q1-21: NGN0.68). The EPS growth was buoyed by topline expansion (+40.1% y/y) and lower net finance costs (-18.0% y/y). DANGSUGAR’s revenue […]
Results & Dividends
Nestle Nigeria Plc Q1-22: Sturdy Top-line Growth Buoys Earnings
April 29, 2022/Cordros Report Event: NESTLE published its Q1-22 unaudited results today, reporting EPS growth of 45.0% y/y to NGN22.68 (Q1-21: NGN15.64). EPS was supported by top-line expansion and net finance income. Revenue grew by 26.3% y/y in Q1-22, following significant growth in NESTLE’s Food (+26.3% y/y | 60.0% of […]
MTN Nigeria Plc Q1 2022: Keeping up the ‘Yello’ Pace
April 29, 2022/CSL Research MTN Nigeria’s Q1 2022 unaudited results released this morning reflected the resilience of the company’s revenue generation capacity despite the industry-wide NIN-SIM exercise that has slowed down activities in the sector. Based on its Q1 2022 financial scorecard, the company sustained the momentum it has maintained […]
