April 30, 2024/Cordros Report OKOMU Oil Palm Plc (OKOMUOIL) published its Q1-24 unaudited results at market close yesterday (29 April). The company reported a PAT growth of 48.2% y/y to NGN15.08 billion (Q1-23: NGN10.18 billion), representing an EPS print of NGN15.81 (Q1-23: NGN10.67) owing to the strong revenue growth (+79.6% […]
Results & Dividends
BUA Cement Plc Q1-24: Sharp Rise in Production Costs and FX Losses Strain Earnings
April 30, 2024/Cordros Report BUA Cement Plc (BUACEMENT) released its Q1-24 unaudited financials yesterday (29 April), reporting an EPS decline of 33.0% y/y to NGN0.53 in Q1-24 (Q1-23: NGN0.79). Despite the stellar revenue growth (+51.5% y/y), the combined impact of higher COGS ex-depreciation (+116.8% y/y) and FX losses (NGN10.06 billion […]
Lafarge Africa’s 1Q24 Operating Performance Marred by FX Losses from Naira Devaluation
FSDH Initial Reaction: Lafarge Africa 1Q24 results Kindly click here to download the report. April 30, 2024/FSDH Research Key Performance Highlights: Lafarge Africa demonstrated a remarkable 50.0% YoY increase in sales to N137.8 billion in 1Q24, driven by a 49.1% YoY rise in Cement sales from N89.4 billion to N133.4 […]
