April 30, 2024/Cordros Report BUA Cement Plc (BUACEMENT) released its Q1-24 unaudited financials yesterday (29 April), reporting an EPS decline of 33.0% y/y to NGN0.53 in Q1-24 (Q1-23: NGN0.79). Despite the stellar revenue growth (+51.5% y/y), the combined impact of higher COGS ex-depreciation (+116.8% y/y) and FX losses (NGN10.06 billion […]
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Lafarge Africa’s 1Q24 Operating Performance Marred by FX Losses from Naira Devaluation
FSDH Initial Reaction: Lafarge Africa 1Q24 results Kindly click here to download the report. April 30, 2024/FSDH Research Key Performance Highlights: Lafarge Africa demonstrated a remarkable 50.0% YoY increase in sales to N137.8 billion in 1Q24, driven by a 49.1% YoY rise in Cement sales from N89.4 billion to N133.4 […]
SEC Charges Virginia Resident and Two Friends with Insider Trading
April 30, 2024/US SEC The Securities and Exchange Commission filed insider trading charges today against Sanjay Bhandari, Vinod Singhi, and Rakesh Jain, who collectively made about $70,000 in profits from trading in advance of the January 19, 2022 announcement that Zogenix Inc. would be acquired by another company. They each […]

