November 24, 2023/CSL Research In its 9M 2023 earnings result, Nestle’s Revenue grew by 18.93% y/y to N396.59bn from N333.47bn in 9M 2022. The food segment grew by 27.0% y/y to N254.38bn in 9M 2023 from N200.26bn in 9M 2022 and contributed the most to the company’s revenue by (64.1%). […]

November 20, 2023/United Capital Research MTN Nigeria Communications Plc (MTNN or the Company) has reported its unaudited 9M-2023 result, revealing a noteworthy 21.8% y/y increase in revenue, reaching N1.8tn. Despite this positive topline growth, the Company faced challenges as operating expenses surged by 26.8% y/y to N1.2tn, and finance costs […]

November 20, 2023/CSL Research Lafarge Africa reported a 7.1% y/y growth in Revenue to N289.08bn in 9M 2023 from N269.85bn in the prior period (9M 2022). However, on a q/q basis, Revenue was down 13.7% to N91.40bn in Q3 2023 from N105.86 in Q2 2023. The broad-based y/y growth in […]