July 30, 2024/Cordros Report Lafarge Africa Plc (WAPCO) released its Q2-24 unaudited results yesterday (29 July), reporting an EPS growth of 17.9% y/y to NGN1.50 (Q2-23: NGN1.27). The growth was driven by a 49.1% y/y increase in revenue. However, for H1-24, EPS declined by 17.3% y/y to NGN1.82 (H1-23: NGN2.20), influenced by […]
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Nestle Nigeria Plc Q2-24: Exchange Losses Drive Negative Earnings
July 30, 2024/Cordros Report NESTLE published its Q2-24 unaudited results after market close yesterday (29 July), reporting a lower loss per share of NGN43.18 (Q2-23: NGN83.50) translating to a loss per share of NGN223.19 in H1-24 (vs loss per share of NGN63.06 in H1-23). The performance in the period was […]
SEC Wins Summary Judgment Against Former Silicon Valley Software Engineer in Multimillion Dollar Insider Trading Ring Case
July 29, 2024/US SEC On July 25, 2024, Judge Richard Seeborg of the U.S. District Court for the Northern District of California granted the SEC’s motion for summary judgment against Sivannarayana Barama and entered a final judgment against Barama, finding him liable for almost $8.5 million as a result of […]
