Results & Dividends

UBA Delivers a Steady 8.7%Pprofit Growth in FY21

FSDH Initial Reaction: United Bank for Africa FY21 results  Kindly click here to download the report. March 9, 2022/FSDH Research Key Performance Highlights: United Bank of Africa reported respectable numbers for FY21, with the gross earnings increasing by 6.9% YoY while the profit jumped 8.7% YoY to N118.7 billion in […]

Dangote Cement Plc 2021FY: Positive Outlook but Slower Momentum Expected in 2022 Earnings Growth

March 9, 2022/Cordros Report Dangote Cement Plc delivered impressive earnings in 2021FY, reporting a record PAT of NGN364.44 billion (+32.0% y/y), translating to an EPS of NGN21.19 (+31.2% y/y). The solid growth in earnings was propelled by broad-based expansion in Nigeria and Pan African revenues together with gains from operational […]

GTCO 2021FY: Funded Income Pressures Performance

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 […]