August 17, 2021/Coronation Research For the past 10 weeks we have documented the flow of liquidity back into the Nigerian Treasury Bill (T-bil) and FGN bond markets, and the resulting fall in yields. Yet inflation has not fallen as quickly, and so stays well ahead of the yields available on […]
Results & Dividends
Ardova Plc Q2-21 Update: Earnings Remain Positive; Outlook Unchanged
August 12, 2021/Cordros Report ARDOVA recorded a strong performance as it reported Q2-21 EPS of NGN0.70 (+79.2% y/y) bringing H1-21 EPS to NGN1.36 (+75.9% y/y). This strong earnings performance was supported by a higher gross margin (+172bps y/y; 9.0%). Annualized, the company’s H1-21 EPS is 91.4% ahead of the 2020FY […]
Dangote Cement Plc H1-2021 Unaudited Financial Result: Sustained Demand Underpins Robust Growth
August 12, 2021/United Capital Report Sustained demand underpins robust growth Dangote Cement Plc (DANGCEM) recently released its H1-2021 financials which showed remarkable double-digit increase of 44.8% y/y in Revenue to N690.5bn, as well as a 72.7% y/y and 51.9% y/y growth in PBT and PAT to N281.3bn and N191.6bn respectively. […]
