February 18, 2022/Cordros Report NB published its 2021FY audited results today. The report revealed that Q4-21 standalone PAT rose by 939.0% y/y to NGN4.46 billion while EPS surged to NGN0.56 (Q4-20: NGN0.05) buoyed by impressive revenue growth (+24.3% y/y) and a lower net finance cost (-11.1% y/y). Consequently, 2021FY EPS came […]

FSDH Initial Reaction: Nigerian Breweries FY21 results  Kindly click here to download the report. February 18, 2022/FSDH Research Key Performance Highlights: Nigerian Breweries reported a strong 29.7% YoY revenue growth to N437.3 billion in FY21. Nigeria is the group’s primary geographical segment as over 99% of the group’s sales (N437.2 billion) are […]

February 17, 2022/Cordros Report Guinness Nigeria Plc (GUINNESS) Q2-22 results surprised positively, signaling a firmer rebound in earnings. In Q2-22, revenue grew by 45.7% y/y (Q1-22: +58.1% y/y) underpinned by the brewer’s efficient route-to-consumer strategy, significant investments in its brand, price increases across its product categories, and improved sales mix, […]