June 19, 2025/Cordros Report We update our views on Guinness Nigeria Plc (GUINNESS) for 2025E. The brewer’s 9M-25 results confirm a sharp turnaround in earnings, driven by aggressive pricing, improved product mix, and cost containment efforts. After a NGN61.65 billion loss in 9M-24, the company returned to profitability with a […]
Results & Dividends
Lafarge Africa Plc: Back in Focus
June 16, 2025/Cordros Report Lafarge Africa Plc (WAPCO) has delivered an impressive turnaround over the past twelve months, with the stock returning +152.9% in the time, driven by strong earnings growth, improved operating efficiency, attractive dividends, and investor excitement surrounding the proposed acquisition by Huaxin. Despite the rally, we believe […]
Savannah Energy Reports Strong FY 2024 with 21% Increase in 2P Reserves at Nigeria’s Uquo Field
June 6, 2025/Chain Reactions Africa Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, has announced its unaudited results for the year ended 31 December 2024. The FY 2024 Unaudited Results show a Total Income of US$393.8 million, compared to US$289.8 million in […]
