March 2, 2020/Cordros Report GUARANTY recently released its audited FY-19 numbers, which were in line with the performances posted right through the quarters of the year. EPS settled 6.4% higher year-on-year at NGN6.96/s. The performance was supported by moderate growth in both interest and non-interest income, alongside industry-best efficiency. Also, […]
Results & Dividends
Dangote Cement Plc 2019FY-Price War: Unwarranted Pandemonium
March 2, 2020/Cordros Report Relative to 2019, when we were impulsive on cement prices, we struggle to any material upside for selling prices going forward. Management reiterated its commitment towards keeping prices stable while maintaining market share despite the aggressive competitive landscape especially in Nigeria; we have a contrary view. […]
UBA FY-19 First Glance: Strong FY-19 Performance Recorded
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 […]
