January 31, 2025/United Capital Research Guinness Nigeria Plc (“the Brewer” or “the company”), a subsidiary of Diageo Plc (pending the announcement of the completion of Tolaram’s acquisition of Diageo’s 58.02% shareholding in fiscal year 2025, which is expected to end as of 30 June 2025), recorded a decent top line […]
Results & Dividends
Okomu Oil Plc FY 2024 Unaudited: Bottom Line Shrinks in Q4 Due to Seasonality & Elevated OPEX
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% […]
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 […]
