October 25, 2024/Cordros Report Guinness Nigeria Plc (GUINNESS) published its unaudited Q1-25 (year-end is June) results yesterday (24 October) reporting a loss per share of NGN5.55, a stark contrast to the earnings per share of NGN1.19 recorded in Q1-24. The sharp decline in earnings was due to elevated cost pressures […]
Results & Dividends
Nigerian Breweries Plc 9M 2024: Rising Costs and FX Headwinds Weigh Heavily on Earnings.
October 24, 2024/CSL Research Nigerian Breweries’ 9M 2024 financial results revealed a strong 76.9% y/y increase in Revenue, reaching N710.87bn from N401.8bn (9M 2023). Howbeit, on a q/q basis the company’s Revenue shrunk by 10.5% in Q3 2024 to N226.1bn from N252.65bn (Q2 2024). This new revenue milestone in 9M […]
UBA Plc Earnings Report: Interest Income Drives Higher PAT
October 22, 2024/InvestmentOne Report Significant Increase in Interest Income: United Bank for Africa (UBA) released its financial statements for the period ended September 2024 which revealed an impressive performance in income from core business. Specifically, interest income rose by 169.99% YoY to NGN1.79trn in 9M’2024 driven by the high yield […]
