April 29, 2024/CSL Research In its recently released unaudited Q1 2024 results, Lafarge Africa reported a 50% y/y Revenue growth to N137.77bn in Q1 2024 from N91.82bn in the prior period (Q1 2023). Similarly, on a q/q basis, Revenue was up by 18.3% from N116.42bn in Q4 2023. The broad-based […]
Results & Dividends
Dangote Cement’s Robust Sales Growth Overshadowed by Higher Borrowing Costs in 1Q24
FSDH Initial Reaction: Dangote Cement 1Q24 results Kindly click here to download the report. April 26, 2024/FSDH Research Key Performance Highlights: Dangote Cement Group posted solid 1Q24 results, with Sales volume up across all regions. The uptick in the Nigerian economy resulted in a 26.1% YoY rise in sales volumes […]
Stanbic Reports Robust 1Q24 Results
FSDH Initial Reaction: Stanbic IBTC 1Q24 results Kindly click here to download the report. April 26, 2024/FSDH Research Key Performance Highlights: Stanbic Bank’s 1Q24 total Income significantly increased 70.7% YoY to N138.2 billion, compared to N81.0 billion in 1Q23. This growth was primarily attributable to higher Net Interest Income (up […]
