July 29, 2024/Cordros Report Okomu Oil Palm Plc (OKOMUOIL) published its Q2-24 unaudited financials on Friday (July 26), reporting a standalone EPS of NGN5.36 in Q2-24, which represented a 15.1% y/y decline from the prior year (Q2-23: NGN6.31). The weaker outturn resulted from a marked increase in exchange losses (+288.63% […]
Results & Dividends
Guinness Nigeria Plc 2024FY: Declining Margins and Rising Finance Costs Impacts Profitability
July 26, 2024/Cordros Report Guinness Nigeria Plc (GUINNESS) published its 2024FY audited results this afternoon, reporting a loss per share of NGN25.00 (vs NGN8.29 in 2023FY). The negative outturn in earnings resulted from weaker margins and higher net finance charges (+117.8% y/y). GUINNESS achieved a revenue growth of 30.5% y/y […]
Dangote Cement Plc H1 2024: Strong Topline Growth Mitigates Cost Pressures and FX Loss
July 26, 2024/CSL Research Dangote Cement’s recently released unaudited results for the first half of 2024 show a significant Revenue increase of 85.1% y/y, rising to N1.76 trillion from N950.83 billion in the same period of 2023. The company’s quarterly performance was also strong, with Revenue increasing by 15.3% quarter-on-quarter, […]
