We revise our FY’22 earnings expectation to N371.7 billion in FY'22 (vs N377.8 billion in our previous forecast). The downward revision to our projection reflects weaker than expected voice growth (H1'22: 2.9% vs our 5.5% expectation) and a higher interest expense burden.
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CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer
The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
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