October 26, 2020/Cordros Report Event: WAPCO published 9M-2020 unaudited financials after the close of business on Friday. The result showed that Profit After Tax grew 37.1% y/y while EPS settled at NGN1.75/share, up 37.1% y/y after adjusting for gains from discontinued operations in 9M-2019. The growth in bottom line was […]
Results & Dividends
Conoil Shareholders Approve N1. 39bn Dividend Payment
October 23, 2020, Conoil Plc Shareholders of Conoil Plc have approved the payment of N1.39 billion dividend proposed by the board of the major oil marketing company, coming on the back of an impressive performance recorded in the 2019 financial year. This meant that shareholders will get 200 kobo on […]
Guinness Nigeria Plc Q1’20: Rising Input Costs Weigh on Margins, Earnings
October 22, 2020/Cordros Report GUINNESS published Q1-20 (end-Sep 2020) results after the close of the market yesterday, reporting a loss after tax increase of 127.2% y/y. Earnings were impacted by weaker gross margins and a higher tax expense. Net revenue grew by 11.6% y/y in Q1-20, 4.3% and 5.2% above […]
