March 2, 2020/Cordros Report UBA PLC recently released its audited FY-19 numbers, which showed that the bank recorded a 14.6% y/y EPS growth to NGN2.52 for the fiscal year. The momentum which was witnessed through most of the year tailed off a bit in Q4, however, that wasn’t enough to […]
Results & Dividends
Nestle Nigeria Plc 2019FY: Q4 Earnings Weighed by Higher Effective Tax
March 2, 2020/Cordros Report Event: NESTLE published Q4-19 and 2019FY results yesterday, which showed that the company’s EPS declined by 10.6% y/y in Q4. The y/y EPS decline was weighed by higher finance costs and effective tax rate, both of which offset the strong operational performance. On the 2019FY EPS […]
MTN Nigeria 2019FY: Performance in line with expectations; strong growth continues
March 2, 2020/Cordros Research Event: MTN Nigeria Communications Plc (MTNN) released its Q4-19 and 2019FY audited results after close of market last Friday (28 February 2020), in which the company reported an EPS growth of 75.5% in Q4, underpinned by accelerating topline growth and lower operating costs. For 2019FY, revenue […]
