Results & Dividends

Dangote Sugar Refinery Plc H1 2024: Profitability Eroded by Cost Pressure and FX Loss

July 31, 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 […]

FBNH H1 2024: Strong Interest & Fee Income Growth, Fair Value Gains, Drive Profit Growth

July 31, 2024/CSL Research FBNH H1 2024 unaudited numbers showed strong growth in both Interest and Non-Interest Income. Interest Income was up 155.4% y/y and 8.3% q/q driven by growth in both earning assets and average yield. Net Loans to customers were up 42.4% at the close of H1 2024 […]

UACN Plc H1 2024: Strong Revenue Growth and FX Gains Drive Profitability

July 31, 2024/CSL Research In its H1 2024 earnings result, UAC of Nigeria Plc’s Revenue was up 57.5% y/y to N83.25bn from N52.87bn in H1 2023. On a q/q basis, Revenue increased by 49.0% to N42.70bn in Q2 2024 from N28.66bn in Q1 2024. This growth in revenue was driven […]