Results & Dividends

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 […]

Stanbic ends FY22 on a high note with robust performance in 4Q22

FSDH Initial Reaction: Stanbic IBTC FY22 results  Kindly click here to download the report February 1, 2023/FSDH Research Key Performance Highlights: Stanbic bank reported solid FY22 results, and the bank also reported strong 4Q22 numbers. In FY22, total income surged 40.5% YoY to N240.4 billion, primarily due to a 50.1% […]