May 2, 2024/CSL Research International Breweries’ Q1 2024 unaudited numbers showed Revenue growth of 89.7% y/y to N103.22bn from N54.39bn (Q1 2023). On a q/q basis, Revenue was up 34.4% from N76.82bn in Q4 2023. We believe the topline growth was mainly driven by the c.23.5% price increase across product […]
Results & Dividends
Transcorp Delivers Impressive Q1 2024 Performance, Sustains Revenue Growth of 173%, PBT of N45Bn
May 1, 2024/Transcorp Corporation Plc Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with […]
Nigerian Bourse Close Bullish -0.4%, Driven by FBNH, MTNN
April 30, 2024/Cordros Research EQUITIES The local bourse closed on a bullish note today driven by renewed interest in MTNN (+4.0%) and FBNH (+6.9%). Consequently, the NGX ASI advanced by 0.4% to 98,225.63 points. As a result, the MTD and YTD returns printed -6.1% and +31.4%, respectively. The total trading volume […]
