February 19, 2024/Cordros Report Nigerian Breweries Plc (NB) published its 2023FY audited financials after close of market on Friday, 16 February, reporting a loss per share of NGN12.80, a sharp contrast to the earnings per share of NGN1.58 in 2022FY. The weak performance in the period was driven by the […]
Results & Dividends
Nigerian Breweries Plc FY 2023: Huge FX Loss Wipes off Earnings
February 19, 2024/CSL Research Nigerian Breweries experienced a slight y/y growth in its top-line. The audited financial results for the fiscal year 2023 revealed an 8.9% increase in Revenue, reaching N599.6 billion compared to N550.6 billion in FY 2022. Additionally, on a q/q basis, the company witnessed a substantial 59.3% […]
PZ Cussons Plc H1 2024: High Exchange Loss Erodes Profitability
February 9, 2024/CSL Research In its H1 2024 (6M ended November-2023) earnings result, PZ Cussons Plc. (PZ) recorded Revenue growth of 18.9% y/y to N68.09bn from N57.26bn in H1 2023. Q/q, PZ’s Revenue grew 19.1% y/y to N37.02bn Q2 2024 from N31.07bn in Q1 2024. The company’s cost of sales […]

