FSDH Initial Reaction: Flour Mills 3Q24 results Kindly click here to download the report. January 30, 2024/FSDH Research Key Performance Highlights: Flour Mills maintained its robust top-line performance in 3Q24 as the Company recorded a solid 51.1% YoY jump in revenue to N594.6 billion. The significant growth was primarily driven […]
Results & Dividends
Cadbury Nigeria Plc FY 2023: Net Profit Depressed by High Finance Expense
January 29, 2024/CSL Research In its FY 2023 unaudited earnings, Cadbury Nigeria Plc. (Cadbury) reported a 45.6% y/y growth in Revenue to N80.38bn from N55.21bn in FY 2022. Its cost of sales (ex-depreciation) grew slower than Revenue, up 30.2% y/y to N60.46bn for FY 2023 from N46.45bn in 2022. Consequently, […]
Okomu Oil Plc FY 2023: Weak Q4 Numbers
January 29, 2024/CSL Research Okomu Oil Palm Plc (OKOMUOIL) in its full year 2023 unaudited results reported an impressive 26.9% y/y growth in Revenue to N74.98bn from N59.25bn (FY 2022). On a q/q basis, Revenue declined, down 28.5% in Q4 to N14.34bn from N20.05bn recorded in Q3 2023. Though we […]
