SSA ex SA companies US$ reported earnings increased by 17% in H1 2022 yoy
Earnings of the 117 companies that have reported for the six months ended June 2022 amounted to US$5.6bn, up 17% on H1 2021.
H1 2022 vs H1 2021 US$ earnings by market
The 2022 earnings of 11 countries out of 13 in the report are up from 2021:
- Zimbabwe: US$111m up 253%
- Mauritius: US$48m up 115%
- Tanzania: US$224m up 49%
- Zambia: US$60m up 21%
- Kenya: US$806m up 17%
- Nigeria: US$2,847m up 16%
- Rwanda: US$49m up 13%
- Uganda: US$117m up 12%
- Botswana: US$101m up 12%
- Malawi: US$90m up 9%
- Namibia: US$25m up 1%
There is a negative correlation between earnings growth and share price performance. Although 72 companies have increased their earnings in US$ terms, 45 companies have seen their share prices fall during 2022.
Companies with the highest earnings increases:
Below are the 10 companies in the report with the highest earnings increases in H1 2022:
Please click on the company name for up to date share price information, market capitalisation and 52-week liquidity.
- Swissport Tanzania Plc: US$1m up 1130%
- ZB Financial Holdings: US$22m up 555.7%
- FBC Holdings Limited: US$31m up 402.8%
- First Capital Bank Limited: US$10m up 244.6%
- CBZ Holdings Limited: US$53m up 238.6%
- Lucara Diamonds Corporation: US$32m up 234.9%
- Dairibord Holdings Limited: US$1m up 183.5%
- RDC Properties Limited: US$5m up 172.7%
- Unilever Nigeria Plc: US$5m up 163.5%
- MTN Group: US$491m up 162.1%
Download the Full report here.
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About the Author: Hartland-Peel Africa Equity Research
Sub-Saharan Africa ex SA: Equity, debt and FX research covering sixteen countries and advising institutional investors. Proprietary data base of sixteen African stock markets, 250+ companies which is one of the most extensive and complete. New issues, IPO’s and distribution of equity on privatisation. Development of lending and corporate finance opportunities for the bank, privatisation and asset management. An ‘A’ rated equity analyst by South African institutional investors as polled by the Financial Mail in 1998 and 1999.
