The impressive Q1’22 sales performance of the company’s corporate customers (2.3x YoY) and aviation (2.7x YoY) segments provides further backing to our 2022 call. The result also underlines an increasing focus on margin accretive products and the targeting of relatively wholesale customers. This strategy is likely to support revenue growth for the rest of 2022, particularly because price negotiations are easier in these select segments than in the retail market, which is often blighted by public backlash against attempts to raise prices.
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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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