April 24, 2025/Cordros Report Lafarge Africa Plc (WAPCO) released its unaudited Q1-25 financial results today (24 April), reporting a remarkable 836.7% y/y surge in EPS to NGN3.02 (Q1-24: NGN0.32), primarily driven by an 80.3% y/y increase in revenue. Notably, the board has proposed an interim dividend of NGN4.00 per share, […]
Results & Dividends
UBA Plc Q1 2025: Strong Growth in Fee and Non-Fee Income
April 23, 2025/CSL Research Financial Highlights: Interest Income: +36.1% y/y to N599.83BN Interest Expense: +77.0% y/y to N247.96N Cost of Risk: +5ps y/y to 0.6% Cost to Income Ratio: -489bps y/y to 52.9% Profit before Tax: +30.7% y/y to N204.27BN Stock Rating: BUY Target Price: N46.40/s To read the full […]
First HoldCo Plc 2024FY: Higher Funded and Non-Funded Income Boosts Profitability
April 23, 2025/Cordros Report First HoldCo Plc (FIRSTHOLDCO) recently released their 2024FY audited financial statements, recording a 115.4% y/y increase in earnings per share to NGN18.31 (2023FY: NGN8.53). We attribute this to the broad-based growth across both core (+155.9% y/y) and non-core (+27.7% y/y) income lines. The board proposed a […]
