March 7, 2022/Cordros Report GTCO released its 2021FY earnings after the close of trading on Friday (4th of March), which showed that the bank recorded a decline in the top and bottom-line earnings, in line with the performance recorded through the year. The pressured interest income segment dampened the performance […]
Results & Dividends
GTCO FY2021: NIR, low impairment charge support FY 2021 numbers amidst low yield
March 7, 2022/CSL Research GTCO’s FY 2021 AUDITED numbers showed an 11.3% y/y decline in Interest Income to N266.9bn, mainly on the back of a decline in yields on fixed income instruments. This came in 3.0% below our estimate of N275.2bn. Q/q, however, Interest Income grew marginally, up 4.2% in […]
2021: Dangote increases sugar production by 9.2% to 811,962 tonnes
March 7, 2022/Dangote Group For the full year ended December 31, 3021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020. This volume was said to be achieved on […]
