July 31, 2024/CSL Research In its recently released unaudited H1 2024 results, MTN Nigeria sustained its Revenue growth momentum, reporting a 32.8% y/y growth in Revenue to N1.54tn from N1.16tn in H1 2023. On a q/q basis, Revenue increased by 4.4% to N786.14bn in Q2 2024 from N752.98bn recorded in […]
Results & Dividends
Flour Mills of Nigeria Plc H1 2025: Revenue Surge Outpaces Cost Increases Leading to a Return to Profitability
July 30, 2024/CSL Research In its Q1 2025 (3M ended 30-June-2024) earnings result, Flour Mills of Nigeria Plc’s Revenue was up 67.2% y/y and 4.2% q/q to N763.19bn from N456.38bn and N732.36bn in Q1 2024 and Q4 2024 respectively. This growth in revenue was driven by price increases across all […]
International Breweries Plc H1 2024: High FX Loss Wipes off Half Year Progress
July 30, 2024/CSL Research International Breweries’ H1 2024 unaudited numbers showed double-digit Revenue growth of 92.2% y/y to N223.2bn from N116.13bn (H1 2023). On a q/q basis, Revenue was up 16.2% to N119.98bn from N103.22bn (Q1 2024). We believe the topline growth was mainly driven by the c.23.5% price increase […]
