July 30, 2024/Cordros Report BUA Cement Plc (BUACEMENT) released its Q2-24 unaudited financials yesterday (29 July), reporting an EPS decline of 55.8% y/y to NGN0.48 (Q2-23: NGN1.09). This decline is primarily attributed to increased costs (+146.0% y/y) and substantial FX losses during the period. Similarly, H1-24 EPS fell by 46.2% y/y to NGN1.01 (H1-23: […]
Results & Dividends
Nestle Nigeria H1 2024: Strong Revenue Growth offset by Increased Costs and FX Loss
July 30, 2024/CSL Research In its H1 2024 results, Nestle reported Revenue growth of 55.5% y/y to N406.97bn from N261.77bn in H1 2023. On a q/q basis, Revenue was up 21.8% to N223.49bn in Q2 2024 from N183.48bn in Q1 2024. Revenue growth was largely driven by volume growth and […]
Lafarge Africa Plc Q2-24: Solid Topline Growth and Reduced FX Exposure Boost Earnings
July 30, 2024/Cordros Report Lafarge Africa Plc (WAPCO) released its Q2-24 unaudited results yesterday (29 July), reporting an EPS growth of 17.9% y/y to NGN1.50 (Q2-23: NGN1.27). The growth was driven by a 49.1% y/y increase in revenue. However, for H1-24, EPS declined by 17.3% y/y to NGN1.82 (H1-23: NGN2.20), influenced by […]
