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 […]
Results & Dividends
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, […]
Access Bank Plc 2021FY: Core and Non-Core Income Growth Drive Profitability
March 21, 2022/Cordros Report ACCESS released 2021FY results last week Thursday (March 17th), which showed that the bank recorded substantial growth in Gross Earnings (+27.1% y/y to NGN971.89 billion). This was driven by growth in both the funded and non-funded income segments as the bank was more aggressive in creating […]
