March 2, 2022/Cordros Report Nestle Nigeria Plc (NESTLE) released its 2021FY audited results yesterday, reporting an 11.3% y/y decline in Q4-21 standalone PAT with an EPS of NGN8.14 (Q4-20: NGN9.18), bringing the 2021FY EPS to NGN50.51 (+2.1% y/y; 2020FY: NGN49.47). The EPS decline in Q4-21 was driven mainly by cost […]
Results & Dividends
Nestle Nigeria Plc Earnings Quick Take FY 2021: Elevated Costs Weighs on Profitability
March 2, 2022/CSL Research In its recently released audited results, Nestle Nigeria Plc grew topline by 22.6% y/y to N351.8bn in FY 2021 from N287.1bn in FY 2020. In Q4 alone, growth in Revenue was relatively flattish, up marginally by 0.1% q/q to N90.2bn. The food sub-segment, which contributed 59.2% […]
Lafarge Africa Plc 2021FY: Favourable Price/Volume mix, Lower Finance cost drives Profitability
March 2, 2022/Cordros Report Lafarge published 2021FY audited financials yesterday. The report showed that 2021FY PAT grew by 65.4% y/y to NGN51.00 billion while EPS settled at NGN3.17/share (+65.4% y/y). The company’s earnings performance was bolstered by the combined impact of topline growth, higher margins and moderation in finance cost. […]
