October 29, 2024/Cordros Report Okomu Oil Palm Plc (OKOMUOIL) published its Q3-24 unaudited financials after close of business yesterday (28 October), reporting growth of 72.5% y/y in Q3-24 standalone EPS to NGN8.54 (Q3-23: NGN4.95), resulting in 9M-24 EPS of NGN29.71 (9M-23: NGN21.93). The positive outturn in EPS was due to […]
Author: InvestAdvocate
African countries push for $25 billion replenishment of the AFD as Sudan tops up its pledge
The current $8.9 billion three-year financing cycle or the 16th replenishment, which ends in 2025, was the largest ever in the history of the African Development Fund October 29, 2024/AfDB Sudan has increased its pledged contribution to the replenishment of the African Development Fund to $3 million, its Minister for Finance […]
Nestle Nigeria Plc Q3-24: Rising Cost and Currency Pressures Impacts Profitability
October 29, 2024/Cordros Report Nestle Nigeria Plc (NESTLE) published their Q3-24 unaudited results yesterday (28 October), revealing a Q3-24 standalone loss per share of NGN9.28 (vs EPS of NGN8.72 in Q3-23). This decline was mainly driven by a sharp increase in the cost of sales (+118.7% y/y) and a significant rise […]
