February 17, 2022/Cordros Report Guinness Nigeria Plc (GUINNESS) Q2-22 results surprised positively, signaling a firmer rebound in earnings. In Q2-22, revenue grew by 45.7% y/y (Q1-22: +58.1% y/y) underpinned by the brewer’s efficient route-to-consumer strategy, significant investments in its brand, price increases across its product categories, and improved sales mix, […]

February 11, 2022/Cordros Report We believe MTNN is well-positioned to benefit from the structural upsides in Nigeria’s fast-growing telecommunication sector given its market leadership position (market share of 37.7%), growing 4G coverage, rising footprints in the rural areas through its MOMO agents. MTNN delivered impressive earnings in 2021FY, reporting earnings-after-tax […]

FSDH Initial Reaction: Airtel Africa Plc 3Q22 results  Kindly click here to download the report. February 7, 2022/FSDH Research Key Performance Highlights: Airtel Africa recorded a stellar 17.9% YoY revenue growth in reported currency to US$1,219 million in 3Q22, on the back of a solid 20.2% YoY growth in 2Q22. The revenue […]