August 3, 2021/Cordros Report TOTAL remains our top pick in the oil and gas downstream sphere, given its market leadership status and robust distribution network (over 560 outlets; 23.0% of major marketers’ outlets). As evidenced so far in 2021, TOTAL has leveraged its scale in making up for the pandemic-induced […]
Results & Dividends
Flourmills Nigeria Plc Q1 2022 Earnings Update: Sailing through the Storm
August 2, 2021/CSL Research Flourmills Nigeria Plc (FMN) released its Q1 2022 financial results showing a 51.2% y/y growth in Revenue to N233.73bn from N154.57bn in Q1 2021. The growth in Revenue was supported by growth across major business segments as Agro-Allied (Up 44.1% y/y to N47.69bn), Sugar (Up 24.0% […]
MTN Nigeria Q2-21: Earnings on a Roller-Coaster Ride
August 2, 2021/Cordros Report MTN Nigeria Communications Plc (MTNN) released its Q2-21 unaudited results at the close of business last week Friday (July 30). Q2-21 standalone PAT rose by 59.1% y/y to NGN68.09 billion while EPS stood at NGN3.35 (+59.1% y/y), bringing the H1-21 EPS to NGN6.97 (+49.5% y/y). The growth […]
