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 […]
Results & Dividends
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 […]
MTN Nigeria Communications Plc Q1-22: An Epic Performance Despite Cost Pressures
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% […]
