Author: InvestAdvocate

UACN Plc 9M 2024: Impressive 9M 2024 Performance Driven by Strong Revenue Growth & Sound Operational Efficiency

October 30, 2024/CSL Research In its recently released 9M 2024 results, UAC of Nigeria Plc. (UACN) reported a 63.4% y/y Revenue growth to ₦133.18 billion from ₦81.53 billion in 9M 2023. On a quarterly basis, Revenue also advanced by 16.9% q/q, reaching ₦49.93 billion in Q3 2024 compared to ₦42.70 […]

Nestle Nigeria Plc 9M 2024: Interest Expense and FX Losses Bane to Bottom-Line Growth

October 30, 2024/CSL Research In its recently released 9M 2024 results, Nestle Nigeria Plc. (Nestle) reported a 67.8% y/y Revenue growth to ₦665.29 billion from ₦396.59 billion in 9M 2023. On a quarterly basis, Revenue also grew by 15.6% q/q, reaching ₦258.32 billion in Q3 2024 compared to ₦223.49 billion […]

SEC Charges Furniture Company and Two Former Executives with Accounting Violations

October 30, 2024/US SEC The Securities and Exchange Commission announced today that it filed charges against Connecticut-based publicly traded furniture retailer The Lovesac Company, Donna Dellomo, CPA, Lovesac’s former CFO, and Yoon Um, CPA, Lovesac’s former controller, for accounting violations in connection with expenses Lovesac incurred shipping its furniture to […]