January 31, 2022/Cordros Report PRESCO published its Q4-21 unaudited financials on Sunday (30 January), reporting standalone EPS of NGN5.09 in Q4-21 (Q4-20: NGN0.26), underpinned by impressive revenue growth and lower net finance costs. For 2021FY, the EPS came in at NGN18.87 (2020FY: NGN5.26), recording a substantial increase of 258.6%. PRESCO’s revenue […]
Results & Dividends
MTN Nigeria 2021FY: Yet! Another Stellar Performance
January 31, 2022/Cordros Report MTN Nigeria Communications Plc (MTNN) released its 2021FY audited results at the close of business on Friday (28 January). The report revealed that Q4-21 standalone PAT rose by 28.5% y/y to NGN78.34 billion while EPS stood at NGN3.85 (+28.5% y/y), bringing the 2021FY EPS to NGN14.67 (+45.5% […]
Flour Mills of Nigeria Plc Q3-22 : Solid Top Line Supports Earnings; Weak Margins Still a Sticking Point
January 31, 2022/Cordros Report FLOURMILL published its 9M-22 unaudited results on Friday (28 January), reporting Q3-22 standalone EPS of NGN1.59 (Q3-21: NGN1.38) and 9M-21 EPS of NGN4.16 (NGN3.80), underpinned by solid revenue growth of 50.9% y/y in Q3-22 (9M-22: 48.6% y/y). Revenue grew by 50.9% y/y in Q3-22 (9M-22: 48.6% y/y), driven […]
