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% […]
Results & Dividends
FBN Holdings Plc 2024FY: Higher Funded and Non-Funded Income Boosts Profitability
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 […]
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. […]
