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, […]
Results & Dividends
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 […]
Elevated Net Operating Losses and Finance Expenses Clamp Down Profits
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 […]
