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 […]

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 […]

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 […]