July 31, 2021/Dangote Group Africa’s largest cement producer, Dangote Cement has announced resilient results for the six months ended 30th June 2021 as Group sales volumes hit 15.3Mt. According to the company’s unaudited results for the period under review, Nigerian operations accounted for a sales volume of 9.87 Mt while […]
Results & Dividends
Dangote Sugar Refinery Plc Q2-21: Surging Finance Cost Drags Earnings
July 30, 2021/Cordros Report DANGSUGAR published its Q2-21 and H1-21 results after market close yesterday, reporting a 17.6% y/y decline in EPS to NGN0.35 in Q2-21 (Q2-20: NGN0.43) – the lowest since Q3-19 – underpinned by a 10.1x surge in finance cost amid higher operating expenses. However, H1-21 EPS grew […]
FBNH H1-21: Non-Funded Income propels Earnings
July 30, 2021/Cordros Report FBNH released its H1-21 financial report earlier today, which showed that the Holdco recorded growth in bottom-line. Earnings were supported by growth in non-core income as core income recorded a decline relative to the prior year’s corresponding period. Notwithstanding the growth in non-interest income, the Holdco […]
