October 30, 2024/CSL Research In its recently released 9M 2024 results, Nestle Nigeria Plc. (Nestle) reported a 67.8% y/y Revenue growth to ₦665.29 billion from ₦396.59 billion in 9M 2023. On a quarterly basis, Revenue also grew by 15.6% q/q, reaching ₦258.32 billion in Q3 2024 compared to ₦223.49 billion […]
Results & Dividends
Okomu Oil Palm Plc 9M 2024: Strong 9M Results. Bottom Line Growth in Q3 Despite Moderate Top-Line Dip
October 30, 2024/CSL Research Okomu Oil Palm Plc (OKOMUOIL) reported a remarkable 71.8% y/y increase in Revenue for the first nine months of 2024 (9M 2024), reaching N103.95 billion, up from N60.65 billion in 9M 2023. However, Revenue was down moderately by 8.2% q/q, dropping to N28.94 billion in Q3 […]
FBN Holdings Plc 9M-24: Sturdy Funded and Non-Funded Income Growth Boosts Earnings
October 30, 2024/Cordros Report FBN Holdings Plc (FBNH) published their 9M-24 unaudited numbers yesterday (29 October), recording a 125.1% y/y increase in EPS to NGN14.72 (vs 9M-23: NGN6.54). We attribute the substantial earnings expansion to the increases across the group’s core (+164.6% y/y) and non-core (+82.4% y/y) income lines. FBNH […]
