FSDH Initial Reaction: United Bank for Africa 1Q24 results Kindly click here to download the report. May 7, 2024/FSDH Research Key Performance Highlights: United Bank for Africa reported a robust set of numbers for 1Q24, with the gross earnings vaulting 110.3% YoY to N570.2 billion and the net profit jumping […]
Results & Dividends
GTCO FY’24: FY’24 Earnings Likely to Outperform Bank’s Guidance
May 7, 2024/CardinalStone Research Following the release of GTCO’s Q1’24 financial results, we have updated our assumptions and estimates for FY’24 and subsequent years. Stellar Q1’24 Financial Performance Rode on Fair Value Gains The unaudited Q1’24 results for GTCO revealed a 4.4x growth in earnings to N457.1bn. Core earnings (interest […]
Nestle Nigeria’s Financial Performance Continues to be Hampered by FX Losses in 1Q24
FSDH Initial Reaction: Nestle Nigeria 1Q24 results Kindly click here to download the report. May 7, 2024/FSDH Research Key Performance Highlights: Nestle Nigeria reported robust revenue growth of 43.4% YoY to N183.5 billion in 1Q24, primarily driven by a 44.2% YoY jump in the Food segment to N117.0 billion, further […]
