November 1, 2021/CSL Research Zenith Bank’s 9M 2021 unaudited results showed a 3.1% y/y decline in Interest Income. Q/q however, Interest Income grew marginally, up 2.1% in Q3 2021 relative to Q2 2021. The y/y decline was mainly due to steep declines in interest on Placement with banks/discount houses, treasury bills […]
Results & Dividends
Ardova Plc Q3-21: Higher Costs and Weaker Margins Undermines Profitability
November 1, 2021/Cordros Report ARDOVA published Q3-21 results after market close on Friday (October 29), reporting a Loss Per Share of NGN0.41 (vs EPS of NGN0.67 in Q3-20) on higher costs and weaker margins. On an annualized basis, the company’s 9M-21 EPS is 11.2% below 2020FY EPS of NGN1.42 and […]
Okomu Oil Palm Plc Q3-21: Sustained Demand and Higher Prices Boosts Performance
November 1, 2021/Cordros Report OKOMUOIL published its Q3-21 unaudited financials over the weekend, reporting EPS growth of 108.5% y/y to NGN2.17 in Q3-21 (Q3-20: NGN1.04) and bringing 9M-21 EPS to NGN12.16 (+132.1% y/y). The growth in EPS was driven by stellar growth in top-line and a reduction in net finance costs. Revenue […]
