May 2, 2024/Cordros Report Dangote Sugar Refinery Plc (DANGSUGAR) released its Q1-24 unaudited financials after market close on Tuesday (30 April), reporting a loss per share of NGN5.68 (vs EPS of NGN1.05 in Q1-23) due to the combined impact of a 22.5x y/y increase in net exchange losses to NGN102.98 […]
Results & Dividends
UAC of Nigeria Maintains Momentum with Robust 1Q24 Results
FSDH Initial Reaction: UAC of Nigeria 1Q24 results Kindly click here to download the report. May 2, 2024/FSDH Research Key Performance Highlights: In 1Q24, UAC of Nigeria reported solid revenue growth of 64.7% YoY to N40.5 billion, powered by strong growth in the Packaged Food and Beverages and Paints segments. […]
Nestle Nigeria Plc Q1 2024: FX Losses Erode Nestle’s Profitability
May 2, 2024/CSL Research In Q1 2024, Nestle reported its Revenue went up 43.4% y/y and 21.9% q/q to N183.48bn from N127.97bn in Q1 2023 and N150.53bn in Q4 2023. Cost of Sales (adjusted for depreciation) rose significantly to N132.49bn (+78.0% y/y) in Q1 2024 from N74.41bn in Q1 2023. […]
