July 29, 2024/CSL Research Okomu Oil Palm Plc (OKOMUOIL) reported an impressive 84.8% y/y growth in Revenue for the first half of 2024, reaching N75.01bn, up from N40.60bn in H1 2023. Despite this robust performance, Revenue declined by 27.5% quarter-on-quarter to N31.53bn in Q2 2024, down from N43.48bn in Q1 […]
Results & Dividends
Guinness Nigeria Plc FY 2024: Cost, FX Pressures Colour Financial Year Red
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 […]
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% […]
