August 20, 2024/InvestmentOne Report In the first half of 2024, the company experienced a significant increase in revenue, reaching NGN295.62bn, up 45.78% driven by income growth from multiple business segments. As such, the 50kg sugar segment increased by 46.30% year-over-year, retail sugar rose by 46.70% year-over-year, and molasses saw a […]
Results & Dividends
Guinness Nigeria Plc: Foreign Exchange Challenges Impact Profits
August 20, 2024/InvestmentOne Report In the recent release of its audited FY 2024 results, Guinness Nigeria Plc reported continued pressure on its bottom line, with a substantial loss of NGN 54.77 bn. This loss was primarily attributed to the ongoing foreign exchange challenges impacting its foreign-denominated intercompany loans. Despite these […]
Afreximbank Achieves Solid First Half 2024 Growth Reflecting Sound Execution of its Strategy Amid Macro-Economic Headwinds
Net Interest Income for H1’2024 grew by 24.5% to US$826.2 million, compared to US$663.6 million for the same period last year (H1’2023) August 19, 2024/Afreximbank African Export-Import Bank (“Afreximbank” or the “Group”) has released its consolidated financial statements for the six months ended 30 June 2024. The Group’s results for […]
