March 1, 2022/Cordros Report DANGCEM published 2021FY audited financials this morning, reporting growth of 29.1% y/y in Q4-21 standalone PAT while EPS grew by 28.6% y/y to N5.00, bringing 2021FY EPS to NGN21.24 (+31.6% y/y). The company’s 2021FY EPS was slightly ahead of our estimate of NGN20.67 but below Bloomberg’s […]

February 28, 2022/Cordros Report ZENITHBANK released its audited 2021FY numbers this afternoon, which showed that the bank’s earnings growth remained defensive during the period. Specifically, continued improvements in the non-core business segment supported the performance, despite the lingering challenges in the core banking business environment. On the EPS of NGN7.78 (+6.1% […]

February 28, 2022/Seplat Seplat Energy Plc (“Seplat Energy” or “the Company”), a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, announces its audited results for the full year ended 31 December 2021, recording a growth of its 2021 full-year gross profit […]