August 17, 2021/Proshare by FBNQuest Research   EPS over the ’21-23f period up by around 34% Lafarge delivered a strong Q2 ’21 performance. Earnings were up 26% y/y to N19.2bn. While unit volumes were up by double-digits y/y to c.1.6 million metric tonnes (mmt) during the period, we estimate that […]

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 […]

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 […]