Results & Dividends

Nigerian Breweries’ Strong Operational Performance Continues to be Hampered by Massive FX Losses in 1Q24

FSDH Initial Reaction: Nigerian Breweries 1Q24 results  Kindly click here to download the report April 29, 2024/FSDH Research Key Performance Highlights: Nigerian Breweries revenue jumped 84.2% YoY to N227.1 billion in 1Q24, driven by product innovation and improved pricing to partly mitigate the effects of increasing input cost and on […]

Seplat’s 1Q24 Results Overshadowed by Huge Tax Expenses

FSDH Initial Reaction: Seplat 1Q24 results  Kindly click here to download the report April 29, 2024/FSDH Research Key Performance Highlights: Seplat’s revenue was up 76.7% YoY to N268.6 billion in 1Q24, by a 64.7% YoY rise in Crude Oil sales to N225.3 billion, followed by an 184.8% YoY jump in […]

Bua Cement Plc Q1’24: FX Loss Amidst Cost Pressures Drag Bottom-Line

April 29, 2024/CSL Research In its recently released unaudited Q1 2024 results, BUA Cement reported a 51.5% y/y Revenue growth to N161.13bn in Q1 2024 from N106.35bn in the prior period (Q1 2023). Similarly, on a q/q basis, Revenue was up by 29.8% from N124.14bn in Q4 2023. While no […]