October 29, 2024/InvestmentOne Report Revenue Growth Continues Despite Operational Challenges: In its 9M:2024 results, Nigerian Breweries Plc demonstrated strong revenue growth, with net revenue increasing by 76.92% year-over-year to NGN 710.87 billion. This significant growth, however, was matched by escalating costs, as cost of sales doubled, rising by 100.99% to […]
Results & Dividends
Okomu Oil Palm Plc Q3-24: Strong Revenue Growth Drives Stellar Earnings
October 29, 2024/Cordros Report Okomu Oil Palm Plc (OKOMUOIL) published its Q3-24 unaudited financials after close of business yesterday (28 October), reporting growth of 72.5% y/y in Q3-24 standalone EPS to NGN8.54 (Q3-23: NGN4.95), resulting in 9M-24 EPS of NGN29.71 (9M-23: NGN21.93). The positive outturn in EPS was due to […]
Nestle Nigeria Plc Q3-24: Rising Cost and Currency Pressures Impacts Profitability
October 29, 2024/Cordros Report Nestle Nigeria Plc (NESTLE) published their Q3-24 unaudited results yesterday (28 October), revealing a Q3-24 standalone loss per share of NGN9.28 (vs EPS of NGN8.72 in Q3-23). This decline was mainly driven by a sharp increase in the cost of sales (+118.7% y/y) and a significant rise […]
