April 30, 2024/CSL Research Okomu Oil Palm Plc (OKOMUOIL) in its Q1 2024 unaudited results reported a robust 79.6% y/y growth in Revenue to N43.48bn from N24.21bn (Q1 2023). On q/q basis, it surged by 203.2%. This significant growth in the topline performance may have been driven by high demand […]
Results & Dividends
MTN Nigeria Communications Plc Q1-24: Net FX Losses Undermines Profitability
April 30, 2024/Cordros Report MTN Nigeria Communications Plc (MTNN) released its Q1-24 unaudited results yesterday, reporting a loss per share of NGN18.63 (vs EPS of NGN5.13 in Q1-23). The dip in earnings was underpinned by the marked expansion in net FX losses (NGN656.37 billion vs NGN4.50 billion in Q1-23), highlighting […]
NASCON Allied Industries Plc Q1-24: Net FX Losses Wipe Out Topline Gains
April 30, 2024/CSL Research NASCON Allied Industries Plc (NASCON) published its Q1-24 unaudited financials earlier today, in which the company reported a 25.0% y/y decline in EPS to NGN0.47 (Q1-23: NGN0.62), following a net FX loss of NGN3.06 billion. Revenue rose by 39.7% y/y in Q1-24. We think the topline […]
