January 29, 2024/CSL Research Flour Mills Nigeria Plc. (Flourmill) has had a steady growth in its turnover with a five year Compounded Annual Growth Rate (CAGR) of 38.4%. In 9M 2024, Flourmill’s revenue grew by 39.97% y/y to N1.56tn in 9M 2024 (ended 31-December-2023) from N1.11tn in 9M 2023 (ended […]
Results & Dividends
Flour Mills of Nigeria Plc | Q3-24 | First Glance: Earnings Supported by Robust Revenue Performance
January 29, 2024/Cordros Report Flour Mills of Nigeria Plc (FLOURMILL) published its Q3-24 unaudited result after market close on Friday (26 January), reporting standalone EPS of NGN2.65 (Q3-23: NGN0.90) underpinned by solid revenue growth of 51.1% y/y. Meanwhile, the 9M-24 EPS settled at NGN0.22 (NGN2.87), impacted by the weak performance […]
Quick Take: Lingering FX Losses Weigh on Bottom Line Despite Robust Operational Performance
January 26, 2024/CSL Research Guinness Nigeria Plc released its Q2 2024 (Oct-Dec) unaudited numbers. The renowned foreign extra stout brewer recorded double-digit Revenue growth of 26.6% y/y to N83.06bn (Q2 2024) from N65.6bn (Q2 2023). Likewise on a q/q basis, Revenue grew by 39.5% to N83.06bn from N59.54bn recorded in […]
