October 30, 2020/Cordros Report NB published its Q3-20 results yesterday (29 October). The company reported a positive Q3 EPS (NGN0.17 vs Loss Per Share of NGN0.13 in Q3-19) for the first time since Q3-17, driven by a surge in revenue, and lower operating expenses. Annualised, the achieved revenue is 6.5% […]
Results & Dividends
MTN Nigeria Q3-20: Resilient Performance Despite COVID-19 Headwinds
October 28, 2020/Cordros Report MTN Nigeria Communications Plc (MTNN) recently released its Q3-20 unaudited results, reporting EPS decline of 0.7%, underpinned by a higher effective tax rate. This resulted in a 9M-20 EPS of NGN7.09. Annualised, the 9M-20 EPS tracks behind our estimates and consensus estimates by 17.8% and 20.6%, […]
Unilever Nigeria Plc Q3′ 20 Update: Strong Beat on Top Line; FX Losses Weigh on Earnings
October 26, 2020/Cordros Report Unilever Nigeria recently released its Q3-20 results with a reported loss per share of NGN0.27, its third quarterly loss in the last four quarters, owing to higher operating expenses and FX losses. Consequently, this dragged the 9M-20 loss per share down to NGN0.36. On a positive […]
