January 31, 2025/CSL Research Cadbury Nigeria Plc. (Cadbury) reported a 60.7% y/y Revenue growth in its recent unaudited FY 2024 earnings release, with Revenue climbing to ₦129.19 billion from ₦80.38 billion in FY 2023. The topline growth is attributed to increases in product prices, better asset optimization, and the positive […]
Results & Dividends
Guinness Nigeria Plc: A Clearer Path to Financial Recovery
January 31, 2025/United Capital Research Guinness Nigeria Plc (“the Brewer” or “the company”), a subsidiary of Diageo Plc (pending the announcement of the completion of Tolaram’s acquisition of Diageo’s 58.02% shareholding in fiscal year 2025, which is expected to end as of 30 June 2025), recorded a decent top line […]
Okomu Oil Plc FY 2024 Unaudited: Bottom Line Shrinks in Q4 Due to Seasonality & Elevated OPEX
January 31, 2025/CSL Research Okomu Oil Palm Plc (OKOMUOIL) in its unaudited FY 2024 results reported an impressive 73.4% y/y increase in Revenue, reaching N130.06 billion, up from N74.98 billion in FY 2023, marginally missing our FY2024 estimate of N135.01 billion by 3.8%. However, Revenue was down moderately by 9.8% […]
