July 30, 2024/CSL Research International Breweries’ H1 2024 unaudited numbers showed double-digit Revenue growth of 92.2% y/y to N223.2bn from N116.13bn (H1 2023). On a q/q basis, Revenue was up 16.2% to N119.98bn from N103.22bn (Q1 2024). We believe the topline growth was mainly driven by the c.23.5% price increase […]
Results & Dividends
Presco Plc Q2-24: Higher Revenue Drives Earnings Growth
July 30, 2024/Cordros Report Presco Plc (PRESCO) published their Q2-24 unaudited financials yesterday (29 July), reporting a standalone EPS of NGN14.82 (Q2-23: NGN5.12), underpinned by impressive revenue growth (+73.9% y/y). As a result, the H1-24 EPS printed NGN38.88 (H1-23: 15.08). Revenue grew by 73.9% y/y in Q2-24 (H1-24: +83.1% […]
Bua Cement H1 2024: FX Loss amidst Cost Pressures Drag Bottom-Line
July 30, 2024/CSL Research In its recently released unaudited H1 2024 results, BUA Cement reported a 64.6% y/y Revenue growth to N363.94bn in H1 2024 from N221.07bn in the prior period (H1 2023). Similarly, on a q/q basis, Revenue was up by 25.9% to N202.81bn in Q2 2024 from N161.13bn […]
