July 31, 2024/Cordros Report Dangote Sugar Refinery Plc (DANGSUGAR) released its Q2-24 unaudited financials yesterday (30 July), reporting a standalone loss per share of NGN6.17 (vs loss per share of NGN3.35 in Q2-23), resulting in a higher loss per share of NGN11.85 for H1-24 (H1-23: NGN2.30). The elevated costs of […]
Results & Dividends
MTN Nigeria Communications Plc Q2-24: Currency Pressures Weakens Margins and Drive Losses
July 31, 2024/Cordros Report MTN Nigeria Communications Plc (MTNN) released its Q2-24 unaudited results yesterday (30 July), reporting a loss per share of NGN6.08 (vs loss per share of NGN9.22 in Q2-23), bringing the H1-24 loss per share to NGN24.71 (vs loss per share of NGN4.09 in H1-23). The loss was due […]
Nigerian Breweries Plc H1 2024: Cost and FX Pressures Dent Earnings
July 31, 2024/CSL Research Nigerian Breweries’ H1 2024 financial results revealed a strong 72.9% y/y increase in Revenue, reaching N479.77bn from N277.42bn (H1 2023). Also, on a q/q basis the company’s Revenue grew by 11.2%. This new revenue milestone in H1 2024 is primarily attributed to an approximate 43% overall […]
