October 26, 2021/Cordros Report BUA Cement published 9M-21 unaudited financials today, reporting PAT growth of 23.2% y/y to NGN65.91 billion while EPS printed NGN1.95 (+23.2% y/y). The growth in EPS was due to the strong topline growth (+19.4% y/y) and moderation in net finance cost (-63.5% y/y), both of which […]
Results & Dividends
NESTLE 9M 2021: Macro-Economic Headwinds Dragging Profitability
October 26, 2021/CSL Research Nestle Nigeria Plc grew topline by 25.7% y/y to N90.15bn in Q3 2021 from N71.71bn in Q3 2020. 9M:2021 Revenue was up 23.0% y/y to N261.59bn from N212.73bn in September 2020. On a q/q basis, Revenue was up 7.1% to N90.2bn in Q3 2021 from N84.2bn […]
UBA Plc 9M 2021 Quick Take: Operating Performance Still Strong
October 25, 2021/CSL Research UBA’s 9M 2021 unaudited numbers showed a moderate 8.4% y/y growth in Interest Income to N343.7bn. Net loans to customers were up 12.4% in 9M 2021 compared with December 2020 and up 9.0% in Q3 2021. Interest Expense on the other hand was down 12.7% y/y […]
