November 16, 2023/CSL Research Flour mills of Nigeria Plc’s (Flourmills) earnings have been growing steadily in recent years. In its H1 2024 (ended September 2023), the company reported a 33.87% y/y growth in Revenue to N964.65bn. This growth was driven by a combination of factors, including increased sales volumes, higher […]
Results & Dividends
Alibaba Delivers First Dividend and Solid Q2 Results; New Management Team Commits to Investing for Growth
Alibaba aims to lift return on invested capital into double digits after review of businesses AIDC’s Q2 revenue +53% YoY as Group’s reorganization unleashes entrepreneurialism November 16, 2023/Alibaba Group By Alison Tudor Ackroyd Alibaba Group said it would pay its first-ever dividend of $2.5 billion and reported a solid set […]
Guinness Nigeria Plc Q1 2024: Effective Cost Management Keeps the “Ship Sailing”
November 15, 2023/CSL Research Guinness Nigeria Plc’s (GUINNESS) Q1 2024 numbers showed resilience across key performance metrics. The renowned foreign extra stout brewer recorded double-digit Revenue growth of 12.7% y/y to N59.54bn (Q1 2024) amidst the nation’s high inflation which has weakened consumer purchasing power. Sales volumes remained pressured in […]
