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 […]
Results & Dividends
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 […]
Guinness Nigeria’s Good Top-Line Performance Continues to be Dampened by FX Losses in 2Q24
FSDH Initial Reaction: Guinness Nigeria 2Q24 results Kindly click here to download the report. January 26, 2024/FSDH Research Key Performance Highlights: Guinness Nigeria reported a mixed set of numbers for 2Q24. The company recorded revenue growth of 26.6% YoY to N83.1 billion in 2Q24 from N65.6 billion in 2Q23, while […]
