Attached is FSDH’s analysis of the Q1 results of Lafarge Cement WAPCO Nigeria and ZSL’s analysis of the Q1 results of Presco PLC.

FSDH rates the company’s shares as a buy based on the fact that they expect a growth rate of 24%,a turnover of N47.82bn, EBITDA of N16.71bn, and a PAT of N11.95bn.
They are also expecting a divident payout of N1.59.

ZSL rates this stock as a HOLD. Main reason is due to the small growth in the sector despite government-led initiatives and the the threat of inflation in energy and transportation costs, and stiff competition.
The company is forecasted to report a turnover of N3.07bn and PAT of N830m for the year.