February 3, 2025/InvestmentOne Report Aradel Holdings Plc’s impressive financial performance in 2024 was driven by several key factors. The substantial revenue growth of 162.79%, from NGN221.14bn in 2023 to NGN581.02bn in 2024, was primarily due to increased hydrocarbon production and enhanced sales from refinery operations. The successful re-entry of Well […]

February 3, 2025/CSL Research Presco Plc (PRESCO) in its unaudited FY 2024 results reported a robust 93.5% y/y growth in Revenue, reaching N198.15bn from N102.42bn in FY 2023, surpassing our FY2024 estimate of N167.2 bn by 18.5%. Also, Revenue was up by 71.6% q/q, to N69.59bn in Q4 from N40.55bn […]

February 3, 2025/Cordros Report Presco Plc (PRESCO) published its Q4-24 unaudited financials after the close of business on Friday (31 January), reporting a standalone EPS of NGN52.51 in Q4-24 (Q4-23: NGN9.39), underpinned by impressive revenue growth (+172.3% y/y) and lower net finance costs (-28.6% y/y). For 2024FY, the EPS came […]