August 14, 2024/United Capital Research Guinness Nigeria Plc (“the Brewer” or “the company”), a subsidiary of Diageo Plc, recorded a decent top line performance (up by 30.5% y/y, from N229.4bn to N299.5bn) in the financial period full year (FY) 2024 (July 2023 to June 2024) despite the challenging macroeconomic environment, […]
Results & Dividends
Dangote Cement H1 2024: Strong Revenue Growth Expected to Protect Profitability Amidst Cost Pressures
August 13, 2024/CSL Research Dangote Cement’s unaudited results for the first half of 2024 showed strong Revenue growth of 85.1% y/y to N1.76 trillion from N950.83 billion in the same period of 2023. The substantial increase was propelled by both price and volume increases. The company’s sales volume rose by […]
BUA Cement Plc Q2-24: Higher Costs and FX Losses Undermine Earnings Outlook
August 9, 2024/Cordros Report We update our views on BUACEMENT in this report, after the release of the company’s Q2-24 result. BUACEMENT’s revenue surged by 76.8% y/y in Q2-24, which we believe was supported by a favourable price/volume mix in the year. However, cost pressures and FX losses continued to […]
