August 5, 2024/FBNQuest Research Downward revisions to our FY 2024 EPS forecast and price target: FCMB Group’s (FCMB) Q2 2024 earnings aligned with our forecasts. Nevertheless, we have cut our FY ’24-25f EPS forecasts by an average of -25%, primarily because of significant downgrades to our funding income forecasts Q2 2024 […]
Results & Dividends
Dangote Cement: Pan-African Revenue for Half-Year Grows by 139.9%
August 6, 2024/Dangote Group Dangote has continued to attract huge forex into the country through his pan-African operations as the half-year result for Dangote Cement indicates an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1 billion as against N336.4 billion, reported in the corresponding […]
Dangote Sugar Refinery Plc H1 2024: Profitability Eroded by Cost Pressure and FX Loss
August 1, 2024/CSL Research In its H1 2024 earnings result, Dangote Sugar Refinery Plc’s (DSR) Revenue was up 45.8% y/y to N295.62bn from N202.78bn in H1 2023. On a q/q basis, Revenue was also higher by 40.9% to N172.90bn in Q2 2024 from N122.73bn in Q1 2024. Revenue growth was […]
