In Your Interest
March 1, 2024/IMF International Monetary Fund Managing Director Kristalina Georgieva delivered the following remarks during the first meeting of the G20 Finance Ministers and Central Bank Governors in São Paulo, Brazil: “I would like to thank the Government of Brazil for their warm welcome and hospitality, and Minister of Finance […]
March 1, 2024/Cordros Report Dangote Cement Plc (DANGCEM) released its 2023FY audited financials this morning, reporting an EPS of NGN26.47 (2022FY: NGN22.27). The EPS print was underpinned by the stellar revenue (+36.4% y/y) growth and a moderation in tax expenses (-31.2% y/y) amid the higher net finance cost (+209.4% y/y) […]
March 1, 2024/Cordros Report BUA Cement Plc (BUACEMENT) released its 2023FY audited financials yesterday (29 February), reporting an EPS of NGN2.05 (2022FY: NGN2.98). The significant decline in the company’s EPS was due to rising COGS ex-depreciation (+42.1% y/y) and OPEX ex-depreciation (+12.8% y/y) amid further drain from the huge FX […]