January 31, 2025/Cordros Report FBN Holdings Plc (FBNH) released their 2024FY unaudited financial statements after the close of business yesterday, recording a 137.4% y/y increase in earnings per share to NGN20.40 (2023FY: NGN8.59). We attribute this to the broad-based growth across both core (+158.4% y/y) and non-core (+43.2% y/y) income […]
Results & Dividends
Unilever Nigeria Plc Unaudited FY 2024: Discontinued Operations Contribute to Positive Bottom-Line Growth
January 30, 2025/CSL Research Unilever Nigeria Plc. (Unilever) reported a 45.8% y/y Revenue growth in its 9M 2024 earnings release, with Revenue rising to ₦103.85 billion from ₦71.21 billion in 9M 2023. This growth was driven by improved asset optimization, as well as increases in both sales volumes and prices. […]
Airtel Africa 9M 2025: Reduced FX Loss Boosts Profitability
January 30, 2025/CSL Research Airtel Africa’s 9M 2025 financial results revealed a 5.8% y/y decline in Revenue, falling to US$3.66 billion from US$3.88 billion in 9M 2024. However, on a q/q basis, total Revenue showed marginal growth of 4.9%, increasing from US$1.21 billion in Q2 2025 to US$1.27 billion in […]
