April 3, 2024/CSL Research In FY 2023, MTN Nigeria saw substantial growth driven primarily by double-digit increases in both voice (+10% y/y to N1.14 billion) and data revenue (+40% y/y to N1.07 billion), despite experiencing inflationary pressures on Operating Expenses (+26.80% y/y to N615.82 billion). For 2024, we anticipate MTN […]

April 2, 2024/CSL Research In its 2023 audited earnings result, Cadbury Nigeria Plc. (Cadbury) reported a 45.6% y/y growth in Revenue to N80.4bn from N55.2bn in 2022. Its cost of sales (adjusted for depreciation) grew slower than Revenue, up 33.2% y/y to N61.0bn from N46.5bn bringing its Gross Profit to […]

April 2, 2024/Transcorp Hotels Plc Transcorp Hotels Plc (“Transcorp Hotels” or the “Company”), the listed hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”) has released its audited 2023 full-year results, showing outstanding performance and setting new revenue and profit records. In its full year audited results filed with the Nigerian […]