May 28, 2024/Cordros Report This report provides an updated view of INTBREW for 2024E. Like its peers in the brewery industry, INTBREW reported significant revenue growth in Q1-24 (+89.7% y/y), driven by higher prices, volume growth, and a low base from Q1-23 due to the naira redesign policy that impacted […]

FSDH Initial Reaction: FBN Holdings FY23 results  Kindly click here to download the report. May 27, 2024/FSDH Research Key Performance Highlights: FBN Holdings reported an impressive set of numbers for FY23, with the gross earnings vaulting 95.7% YoY to N1,595.3 billion compared to N815.2 billion in FY22, while the operating […]

May 27, 2024/Cordros Report FBN Holdings Plc (FBNH) published its Q1-24 unaudited financial report this morning, revealing stellar expansions across its core (+153.3% y/y) and non-core (+267.3% y/y) income lines. Consequently, the group’s EPS surged by +317.4% y/y to NGN5.76 in Q1-24. The group recorded a marked 153.3% y/y growth […]