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 […]
Results & Dividends
Dangote Cement Plc 2024: Strong Growth Outlook; Neutral Stance Maintained
March 19, 2025/Cordros Report In this report, we update our outlook on Dangote Cement Plc (DANGCEM) and outline our expectations for 2025E. In 2024FY, DANGCEM reported a 62.2% y/y increase in revenue (Cordros estimates: +54.3% y/y) driven by a 59.7% y/y rise in prices and modest volume growth of 1.6% […]
Nestle Nigeria Plc: Record Revenue Growth but Mounting Financial Pressures
March 19, 2025/InvestmentOne Report Nestlé Nigeria’s revenue growth of 75.32% YoY was driven by price adjustments, though gross profit margins declined from 39.70% in 2023 to 31.95% in 2024. This margin contraction was due to higher production costs resulting from inflation and foreign exchange volatility. The company reported a gross […]
