Kindly click here to download the report. April 26, 2022/FSDH Research Key Performance Highlights: Nigerian Breweries reported a strong 30.4% YoY revenue growth to N137.8 billion in 1Q22. The increase in revenues is partially offset by a 14.1% YoY increase in the cost of sales to N75.3 billion in 1Q22. […]
Results & Dividends
GTCO Q1 2022: Decent Growth in Interest & Non-Interest Income amidst High Opex Growth
April 26, 2022/CSL Research GTCO’s Q1 2022 unaudited numbers showed a 17.1%y/y growth in Interest Income to N70.6bn driven by growth in both interest income on Loans and yields on fixed income instruments. Net Loans and advances to Customers grew moderately, up 4.8% y/y (Q1 2022 compared with Q1 2021) […]
GTCO Q1-22: Performance Pressured by Efficiency Deterioration
April 27, 2022/Cordros Report Event: GTCO released Q1-2022 earnings after the close of trading yesterday (26th of April), which showed that the bank recorded a growth in the gross earnings, however, the trickle-down to the bottom-line was pressured by a significant increase in operating expenses. Consequently, the bank recorded a […]
