October 25, 2024/CSL Research Guinness Nigeria Plc reported a 111.4% year-on-year (y/y) increase in Revenue for Q1 2025 – the opening quarter of its new fiscal year 2025 (July–September), rising to ₦125.89billion from ₦59.54billion in Q1 2024. Also, the company’s top-line performance improved q/q, up 59% from ₦79.19billion in Q4 […]
Results & Dividends
Guinness Nigeria Plc Q1-25: Escalating Cost Pressures and FX loss Impacts Earnings
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 […]
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 […]
