Results & Dividends

Nigerian Breweries Plc H1 2024: Repressed Earnings as FX Crisis Intensifies

August 28, 2024/CSL Research Nigerian Breweries delivered a relatively stable performance in the first half of 2024, maintaining growth across key metrics. The renowned brewer of “Star lager beer” achieved a substantial 72.9% y/y Revenue growth, reaching N479.8bn, up from N277.4bn in H1 2023. This growth was primarily driven by […]

Lafarge Africa H1 2024: A Resilient Performance

August 26, 2024/CSL Research Lafarge Africa reported a 49.5% y/y Revenue growth to N295.58bn in H1 2024 from N197.68bn in the prior period (H1 2023). Similarly, on a q/q basis, Revenue was up by 14.5% to N157.80bn in Q2 2024 from N137.77bn recorded in Q1 2024. The broad-based growth in […]

Airtel Africa Q1 2025: Reduced FX Loss Drives Return to Profitability

August 23, 2024/CSL Research Airtel Africa’s topline performance was impacted by a decline in both Voice Revenue (down 23.4% to US$476m) and Data Revenue (down 15.8% y/y to US$409m). However, Mobile Revenue grew moderately (up 10.1% y/y to US$222m). Despite the challenges in Voice and Data Revenue, the company achieved […]