Corporate Scorecards
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Dangote Cement 9M 2022 Result: Net Earnings Down as Finance Cost Rises by +590%
Dangote Cement’s growth slowed in 2022 as its net earnings slipped by -17.16% from N405.48bn in 9M 2021 to N335.9bn in…
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Lafarge Cement 9M 2022 Result: Revenue Rises as Finance Costs Dip -46%
Lafarge Africa’s 9M 2022 result showed strong top and bottom-line growth. The increases resulted from higher product prices and a -46.01% decline in finance costs.…
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BUA Cement 9M 2022 Result: Strong Net Earnings Despite Rising Net Finance Cost
Adding the 3mmtn Sokoto line 4 cement plant in January increased BUA Cement’s limestone production capacity, contributing to the +40.5% growth…
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IB Plc : Tales of a Serial Corporate Looser
When Belgium’s AB InBev, the world’s largest brewer, acquired SAB Miller Nigeria, former owner of International Breweries, Pabod Breweries and…
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TotalEnergies Marketing Nigeria Reports N12.51bn PAT in Q3 2022 results
Key Highlights Revenue grew by 39.2% from N242.22bn to N337.19bn.Profit before tax stood at N18.78bnProfit after tax stood at N12.51bnShare…
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Understanding the CBN’s Decision to Redesign Banknotes: The Hard bite of Unintended Consequences
Reactions have continued to trail the recent decision of the Central Bank of Nigeria (CBN) to redesign the N100, N200,…
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VITAFOAM Nigeria Plc 9M 2022 Result: Mounting Debt Spooks Rising Profitability
Vitafoam Nigeria Plc saw a +0.26% rise in its net income margin with an +8.53% improvement in its acid test ratio, increasing…
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GTCO Unaudited 9M 2022 Result: Net Interest Income Up 16%, Despite Retained Earnings 7.2% Dip
GTCO has regained some earnings mojo as profit numbers rise against Q1 2022’s stumble. The Holdco saw its profit before…
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UBA 9M Result: Earnings Bounces on e-Banking Growth
Nigeria’s deposit money banks have seen rapid earnings growth in 2022, riding off a high-interest rate environment. UBA Africa Bank…
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Q3: Dangote increases cement sales by 6.2% to 20.8mt as it embraces alternative fuel to cut cost
For the third quarter of 2022, the Management of Dangote Cement has recorded an increase in the overall volume of…
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