February 1, 2024/CSL Research Airtel Africa’s 9M 2024 financials showed a decline in Revenue by 1.4% to US$3.86bn from US$3.91bn in 9M 2023. On a q/q basis, Total Revenue declined by 0.6% to US$1.24bn in Q3 2024 from US$1.25bn in Q2 2024. The company attributed the decline in Revenue to […]
Results & Dividends
FBN Holdings Plc 2023FY: Robust Core and Non-Core Income Growth Underpin Stellar Performance
February 1, 2024/Cordros Report FBN Holdings Plc (FBNH) released its unaudited results for 2023FY today, revealing a remarkable 128.3% y/y surge in EPS (2023FY: NGN8.56 vs 2022FY: NGN3.75). The substantial increase in the Holdco’s earnings is attributable to a significant 10.8x growth in net gains from investment securities, further supported by […]
Airtel Africa’s Solid Operating Performance Continues to be Dampened by Forex Losses in 3Q24
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 […]
