July 29, 2024/CSL Research Guinness Nigeria Plc reported a 30.5% year-on-year increase in revenue for the fiscal year 2024 (July–June), rising to N299.49 billion from N229.44 billion in FY 2023. The company’s top-line performance improved slightly q/q, up 1.9%. The y/y growth in Revenue was largely driven by a price […]
Results & Dividends
Okomu Oil Palm Plc Q2-24: Burgeoning Cost Pressures Drive Margin Erosion
July 29, 2024/Cordros Report Okomu Oil Palm Plc (OKOMUOIL) published its Q2-24 unaudited financials on Friday (July 26), reporting a standalone EPS of NGN5.36 in Q2-24, which represented a 15.1% y/y decline from the prior year (Q2-23: NGN6.31). The weaker outturn resulted from a marked increase in exchange losses (+288.63% […]
Guinness Nigeria Plc 2024FY: Declining Margins and Rising Finance Costs Impacts Profitability
July 26, 2024/Cordros Report Guinness Nigeria Plc (GUINNESS) published its 2024FY audited results this afternoon, reporting a loss per share of NGN25.00 (vs NGN8.29 in 2023FY). The negative outturn in earnings resulted from weaker margins and higher net finance charges (+117.8% y/y). GUINNESS achieved a revenue growth of 30.5% y/y […]
