Results & Dividends

MTNN Company Update: Growth in Subscriber Base to Provide Tailwind for Expansion in Revenue

April 1, 2022/Cordros Report Recent data published by the Nigerian Communications Commission (NCC) showed that the number of telecommunication subscribers in Nigeria grew by 1.4% to 198.12 million in February 2022 from 195.46 million as of December 2021. Similarly, teledensity which measures the number of active telephone connections per 100 […]

BUA Cement Plc 2021FY: Topline Growth, Lower Net Finance Cost Underpins Solid Earnings

March 30, 2022/Cordros Report BUA Cement published 2021FY audited financials at the close of business yesterday, reporting PAT growth of 24.5% y/y to NGN90.08 billion while EPS settled at NGN2.66 (+24.5% y/y). The growth in EPS was due to the topline growth, stable margins in the face of elevated cost pressures […]