February 3, 2025/Coronation Research Summary System liquidity closed positive for the second consecutive week at N721.34bn (31st January ’25). The Open Repo Rate (OPR) and Overnight Rate (O/N) closed higher at 29.14% and 29.57% respectively. We expect interbank rates to trend lower on the back of strong liquidity. In the […]
Author: InvestAdvocate
Aradel Plc Earnings Report: Pricing Adjustment Powers Revenue Surge
February 3, 2025/InvestmentOne Report Aradel Holdings Plc’s impressive financial performance in 2024 was driven by several key factors. The substantial revenue growth of 162.79%, from NGN221.14bn in 2023 to NGN581.02bn in 2024, was primarily due to increased hydrocarbon production and enhanced sales from refinery operations. The successful re-entry of Well […]
Presco Plc Unaudited FY 2024: Stellar FY 2024 Performance
February 3, 2025/CSL Research Presco Plc (PRESCO) in its unaudited FY 2024 results reported a robust 93.5% y/y growth in Revenue, reaching N198.15bn from N102.42bn in FY 2023, surpassing our FY2024 estimate of N167.2 bn by 18.5%. Also, Revenue was up by 71.6% q/q, to N69.59bn in Q4 from N40.55bn […]
