April 29, 2022/Cordros Report Event: MTN Nigeria Communications Plc (MTNN) released its Q1-22 unaudited results this morning, showing a 31.3% y/y increase in PAT to NGN96.82 billion while EPS stood at NGN4.76 (+28.5% y/y). The growth in earnings was driven mainly by the robust expansion in the top line (+22.2% […]
Results & Dividends
Zenith Bank Plc Q1-22: Strong Income Growth Subdues OPEX Pressures
April 29, 2022/Cordros Report Event: ZENITHBANK released Q1-22 numbers after the close of trading yesterday (27th of April), which showed that the bank recorded a strong performance, extending the strong finish in 2021FY. The bank recorded a significant growth in gross earnings (+21.7% y/y to NGN191.52 billion), supported by growth […]
Zenith Bank Plc Q1 2022: A Decent Start to the Year
April 29, 2022/CSL Research Zenith Bank’s Q1 2022 unaudited numbers showed a 24.9% y/y growth in Interest Income driven mainly by strong growth in Net loans to customers and a gradual improvement in pricing. While Net Loans to Customers grew 25.0% y/y, Interest Income on such loans was up 35.7%. […]
