November 1, 2021/Cordros Report ACCESS released its 9M-21 interim financial report after trading hours on Friday (29 October). The report revealed that the bank reported strong earnings growth from its interest-yielding assets, which was enough to offset the rising costs on its interest-bearing liabilities, credit impairments and operating expenses. On […]
Results & Dividends
Presco Plc Q3-21: Improved Topline and Lower Finance Costs Drives Stellar Earnings
November 1, 2021/Cordros Report PRESCO published its Q3-21 unaudited financials on Friday (29 October), reporting EPS growth of 469.8% y/y to NGN3.65 in Q3-21 (Q3-20: NGN0.64), underpinned by an impressive top-line and lower finance costs. Thus, 9M-21 EPS came in at NGN13.78 (9M-20: NGN5.03). The board proposed an interim dividend […]
Zenith Bank Plc 9M-21: Funding Cost Moderations Preserve Earnings Margins
November 1, 2021/Cordros Report ZENITHBANK released its 9M-21 interim financial report last Friday (29 October), which was in line with expectations. The report showed that the bank recorded relatively weaker core income growth over the period, on a year-on-year basis. Nonetheless, overall bottom line performance was supported by improvements in funding […]
