October 27, 2021/CSL Research Guaranty Trust Bank Holding Company’s (GTCO) 9M 2021 unaudited numbers showed a 14.5% y/y decline in Interest Income mainly on the back of a fall in yields on investment securities. Q/q, however, Interest Income grew marginally, up 4.8% in Q3 compared to Q2. Net Loans and […]
Results & Dividends
Nestle Nigeria Plc Q3-21: Solid Topline Growth Lifts Earnings
October 26, 2021/Cordros Report NESTLE published its Q3-21 unaudited financials after market close yesterday. The result showed a 17.2% y/y growth in the company’s EPS to NGN14.95 in Q3-21 (Q3-20: NGN12.76), on the back of solid top-line growth (+25.7% y/y). On the 9M-21 EPS of NGN42.37 (+5.2% y/y vs 9M-20), the board […]
BUA Cement Plc Q3-21: Lower Net Finance Cost, Topline Growth Propels Earnings
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 […]
