March 18, 2025/Cordros Report In this note, we update our views on MTNN for 2025E following the publication of its 2024FY financials. Coming off the back of quite a tumultuous year, we anticipate a full recovery and a return to profitability and, subsequently, a restoration to a positive equity balance. […]
Results & Dividends
BUA Cement Plc Earnings Report: FX Woes & Cost Pressures Weigh on BUA Cement’s Earnings
March 17, 2025/InvestmentOne Report In its audited result for FY:2024, BUA Cement plc posted a 90.74% YoY growth in revenue to NGN876.47bn, driven by higher pricing and improved volumes. Specifically, sales of bagged cement majorly in Nigeria (NGN875.84bn) following the commissioning of the two new 3 million metric tons lines […]
Eterna Plc Delivers Robust Earnings, Turns Losses to Profits
March 14, 2025/InvestmentOne Report Eterna Plc demonstrated a strong financial recovery for the fiscal year ended December 31, 2024, reversing significant losses recorded in the previous fiscal year. Revenue rose markedly by 71.11% year-over-year (YoY), increasing from NGN183.28bn in FY:2023 to NGN313.62bn in FY:2024. This robust growth was primarily driven […]
