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 […]
Results & Dividends
Dangote Cement Plc H1 2024: Strong Topline Growth Mitigates Cost Pressures and FX Loss
July 26, 2024/CSL Research Dangote Cement’s recently released unaudited results for the first half of 2024 show a significant Revenue increase of 85.1% y/y, rising to N1.76 trillion from N950.83 billion in the same period of 2023. The company’s quarterly performance was also strong, with Revenue increasing by 15.3% quarter-on-quarter, […]
Dangote Cement Plc Q2-24: Cost Pressures Further Weaken Margins
July 26, 2024/Cordros Report Dangote Cement Plc (DANGCEM) released its Q2-24 unaudited financials yesterday (25 July), reporting an EPS growth of 15.8% y/y to NGN4.57 (Q2-23: NGN3.95), bringing H1-24 EPS to NGN11.26 (H1-23: NGN10.39). The increase in EPS in the quarter was supported by a 73.3% y/y growth in topline, […]
