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% […]
Results & Dividends
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 […]
Ardova Plc Q2-21 : Topline Growth, Lower Net Finance Cost Supports Earnings
August 2, 2021/Cordros Report ARDOVA published its Q2-21 unaudited results at the close of business last week Friday (July 30), reporting EPS of NGN0.70 (Q2-20: NGN0.39), bringing H1-21 EPS to NGN1.36 (H1-20: NGN0.77). The higher EPS was driven by top-line growth and a reduction in net finance cost. On an annualized […]
