April 29, 2024/CSL Research Guinness Nigeria Plc released its Q3 2024 (Jan-March) unaudited numbers. The renowned foreign extra stout brewer recorded double-digit Revenue growth of 43.8% y/y to N77.71bn from N54.03bn (Q3 2023). Although there was a marginal decline of 6.4% on a q/q basis. The Q3 2024 impressive topline […]
Results & Dividends
Nigerian Breweries’ Strong Operational Performance Continues to be Hampered by Massive FX Losses in 1Q24
FSDH Initial Reaction: Nigerian Breweries 1Q24 results Kindly click here to download the report April 29, 2024/FSDH Research Key Performance Highlights: Nigerian Breweries revenue jumped 84.2% YoY to N227.1 billion in 1Q24, driven by product innovation and improved pricing to partly mitigate the effects of increasing input cost and on […]
Seplat’s 1Q24 Results Overshadowed by Huge Tax Expenses
FSDH Initial Reaction: Seplat 1Q24 results Kindly click here to download the report April 29, 2024/FSDH Research Key Performance Highlights: Seplat’s revenue was up 76.7% YoY to N268.6 billion in 1Q24, by a 64.7% YoY rise in Crude Oil sales to N225.3 billion, followed by an 184.8% YoY jump in […]
