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%, […]
Results & Dividends
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 […]
Lafarge Africa Plc Q3’20: Elevated Cost Pressures Slow Momentum in Profit Growth
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 […]
