Author: InvestAdvocate

France is Building Resilience Through Bold Reforms

Photo Credit: tigristiara/iStock by Getty Images February 1, 2023/IMF IMF COUNTRY FOCUS After a strong economic recovery from the pandemic, France was hit by an energy shock driven by Russia’s invasion of Ukraine. Inflation rose and economic activity slowed. Nevertheless, the economy has remained resilient and inflation well below other EU […]

MTN Nigeria Communications Plc Q4-22: Stellar Topline Growth Boosts Earnings

February 1, 2023/Cordros Report MTN Nigeria Communications Plc (MTNN) published its Q4-22 audited results yesterday, reporting a standalone PAT of NGN89.84 billion (Q4-21: NGN78.34 billion). Consequently, the EPS stood at NGN4.41 (+14.7% y/y), bringing the 2022FY EPS to NGN17.63 (+20.2% y/y), supported by the sturdy growth in revenue (+24.1% y/y). […]

Guinness Nigeria Plc Q2-23 Update: Riding on a Tough Terrain

February 1, 2023/Cordros Report In this update, we review our estimates and update our view on GUINNESS for 2023FY. This is coming off the brewer’s weak performance in H1-23, reflective of the heightened cost pressures. Though we expect the brewer to maintain decent topline growth in 2023FY, we believe the […]