October 28, 2024/CSL Research In its recently released unaudited 9M 2024 results, BUA Cement reported a 73.7% y/y increase in Revenue to N583.41bn from N335.86bn in the same period of 2023. On a quarterly basis, Revenue also grew by 8.2%, reaching N219.46bn in Q3 2024 compared to N202.81bn in Q2 […]
Results & Dividends
Dangote Cement Plc: High Borrowing Cost and Forex Losses Mute Topline Growth
October 28, 2024/InvestmentOne Report Remarkable Revenue Growth: In its recently released 9M:2024 unaudited financial report, Dangote Cement Plc posted a 69.06% revenue growth to NGN2.56trn, up from NGN1.51trn in the corresponding period of the previous year. This was mostly driven by price increases with a mix of volume expansion. Group […]
STANBIC IBTC 9M 2024: Strong Growth in Interest and Non-Interest Income
October 28, 2024/CSL Research Stanbic’s 9M 2024 unaudited numbers showed a 130.7%y/y increase in Interest Income to N425.8bn driven by an increase in lending activities and improved interest margins. Q/q, Interest Income was up 37.9% in Q3. Net Loans to customers grew 16.2% in 9M 2024 compared with the December […]
