March 1, 2022/Cordros Report NASCON Allied Industries Plc (NASCON) released its 2021FY audited results yesterday, reporting a 38.7% y/y growth in Q4-21 standalone PAT with an EPS of NGN0.21 (Q4-20: NGN0.15), bringing the 2021FY EPS to NGN1.12 (+10.4% y/y; 2020FY: NGN1.02). The growth in 2021FY EPS was driven mainly by […]
Results & Dividends
Dangote Cement Proposes N20.00 Per Share Dividend on Commitment to Climate Change
March 1, 2022/Dangote Group Dangote Cement’s commitment to environmental disclosures and sustainability is yielding the desired results with Carbon Disclosure Project (CDP) raising its rating from C to B- even as it proposes a dividend of N20 per share for the year ended December 31,2021. The CDP is an international […]
Zenith Bank Plc FY 202: Strong Operating Performance
March 1, 2022/CSL Research Zenith Bank’s FY 2021 AUDITED numbers showed a 1.6% y/y growth in Interest Income (2.5% above our 2021 estimate). Q/q, however, Interest Income was up 13.2% in Q4 2021 compared with Q3 2021. The marginal y/y growth in Interest Income was mainly due to steep declines […]
