October 29, 2021/Cordros Report NASCON published its Q3-21 unaudited financials after market close yesterday. The result showed that Q3-21 standalone PAT grew by 20.4% y/y to NGN965.16 million with EPS settling at NGN0.36/share, bringing 9M-21 EPS to NGN0.91/share (+5.5% y/y).  The PAT growth was supported by higher operating income (+296.7% y/y).   […]

October 29, 2021/CSL Research Based on its recently released 9M 2021 results, Dangote Cement recorded a solid 34.2% y/y growth in Revenue to N1.02tn in 9M 2021 from N761.4bn in 9M 2020. In Q3 2021 standalone however, the performance was quite uninspiring relative to Q2 2021 as Revenue was down […]

October 29, 2021/Cordros Report NB published Q3-21 (9M-21) results yesterday after the close of business, reporting an EPS decline of 63.1% y/y to NGN0.06 (Q3-20: NGN0.17). Weaker margins and higher finance costs impacted EPS for the quarter. However, for the nine months ended September (9M-21), EPS grew 18.4% y/y to NGN1.03. […]