——Solid core earnings drive growth in profitability and returns March 24, 2025/UBA Plc Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The 2024 financials, filed with the […]
Results & Dividends
BUA Cement Plc 2024FY: Robust Earnings Outlook, But Premium Valuation Limits Upside
March 21, 2025/Cordros Report In this note, we update our views on BUACEMENT following the release of its 2024FY financial results. The company reported a 90.5% y/y increase in revenue for 2024FY, driven by higher cement prices (+56.8% y/y) and increased sales volumes (+25.7% y/y), resulting in a modest 6.4% […]
Lafarge Africa Plc 2024FY Update: Poised for Sustained Growth
March 21, 2025/Cordros Report In this note, we update our outlook and estimates for Lafarge Africa Plc (WAPCO) and present our expectations for 2025E. In 2024FY, WAPCO’s revenue grew by 71.8% y/y, driven by higher pricing (+54.6% y/y) and increased sales volume (+12.0% y/y), leading to a 96.2% y/y rise […]
