February 17, 2025/CSL Research Nigerian Breweries’ FY 2024 audited financial results revealed a strong 80.8% y/y increase in Revenue, crossing a ₦1 trillion mark to reach ₦1,084bn from ₦599.643bn in FY 2023 and surpassing our FY24 forecast of ₦959.5bn by 13%. Likewise, on a q/q basis, the company’s Revenue rose […]

February 10, 2025/Cordros Report In this note, we review our estimates and update our outlook for AIRTELAFRI following the release of the company’s 9M-25 result. As anticipated, persistent currency pressures, particularly in Nigeria, weighed on AIRTELAFRI’s revenue growth (-5.8% y/y) in 9M-25, offsetting gains from an expanding customer base (+7.9% […]

February 5, 2025/PepsiCo The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.355 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today’s action is consistent with PepsiCo’s prior year, previously announced increase in its annualized dividend to $5.42 […]