FSDH Initial Reaction: Airtel Africa Plc 3Q24 results Kindly click here to download the report. February 1, 2024/FSDH Research Key Performance Highlights: In 3Q24, Airtel Africa reported revenue of US$1,238 million, an 8.3% YoY fall in the reported currency, reflecting the continued impact of the Nigerian naira devaluation, further affected […]
Results & Dividends
FBN Holdings FY 2023: Strong Operating Performance; Fair Value Gains Drive Strong Profit Growth
February 1, 2024/CSL Research FBNH FY 2023 unaudited numbers showed strong growth in both Interest and Non-Interest Income. Interest Income was up 66.3% y/y (8.4% above our forecast) driven by growth in Interest Income on both Investment Securities and Loans. Net Loans to customers were up 67.95% y/y (including the […]
Bua Foods Solid Operating Performance Dampened by FX Losses in FY23
FSDH Initial Reaction: Bua Foods FY23 results Kindly click here to download the report. February 1, 2024/FSDH Research Key Performance Highlights: Bua Foods reported a solid set of numbers in FY23. The company’s revenue jumped 74.1% YoY to N728.5 billion from N418.3 billion in FY22, mainly driven by significantly higher […]
