November 13, 2023/Cordros Report In this report, we update our views on FLOURMILL for 2024E. As reflected in the company’s recently released H1-24 numbers, the food producer’s performance was quite underwhelming, as profitability was significantly impeded by higher operating expenses (+73.5% y/y) and net exchange losses (+159.5% y/y), even as […]

November 13, 2023/United Capital Kindly see below company dividend declarations as at Friday, 11-November-2023.   S/N Company Bonus Dividend/Share Type Period Qualification Dates Dividend Yield Closure of Register Payment Date 1 ABC Transport Plc – ₦0.02 Final Dividend 31-Dec-22 26-May-23 1.8% 29 to 31-May To be advised 2 Access Holdings Plc […]

November 10, 2023/CSL Research Nigerian Breweries’ 9M numbers showed mixed performance across key metrics. The renowned star lager brewer recorded a single digit Revenue growth of 2.1% y/y to N401.69bn (9M 2023), amidst the nation’s high inflationary pressure which has weakened consumer purchasing power. Sales volumes remain pressured as consumers […]