March 29, 2022/Oando Plc Oando PLC (“Oando” or the “Company”) announces that the Company’s Audited Financial Statement for the year ended 31st December 2019 (“2019 AFS”) are yet to be finalised and will not be in a position to file the 2019 AFS before end of Q1 2022 as earlier […]
Results & Dividends
Lafarge Africa Plc 2021FY: Attractive Valuation; We Remain Overweight
March 24, 2022/Cordros Report Having recorded Pre-tax losses in the 2016-2018 financial years, Lafarge Africa sustained profitability for the third consecutive year, reporting a post-tax profit of NGN51.00 billion (+65.4% y/y) in 2021FY. The company’s earnings performance was underpinned by topline growth and moderation in finance cost. In 2022FY, we […]
Access Bank FY 2021: Sturdy Growth in both Interest and Non-Interest Income Support Profit
March 22, 2022/CSL Research Access Bank’s FY 2021 AUDITED numbers showed a 23.0% y/y growth in Interest Income. Q/q, Interest Income declined 13.5%. The Q/q decline was due to a significant decline in Interest Income on investment securities. Average yield on the bank’s assets moderated to 8.6% in FY 2021, […]
