February 29, 2024/Cordros Report Lafarge Africa Plc (WAPCO) released its 2023FY audited financials today, reporting an EPS of NGN3.17 (2022FY: NGN3.33). The decline in the company’s EPS is attributable to the higher net FX losses (+84.0% y/y) and tax payments (+83.6% y/y) for the year, majorly due to its expired […]
Results & Dividends
Nestle Nigeria’s Operating Performance Hampered by FX Losses in FY23
FSDH Initial Reaction: Nestle Nigeria FY23 results Kindly click here to download the report. February 29, 2024/CSL Research Key Performance Highlights: Nestle Nigeria reported strong revenue growth of 22.4% YoY to N547.1 billion in FY23. The revenue growth was primarily driven by a 30.0% YoY growth in the Food segment […]
Nestle Says Profit after Tax Negatively Impacted by Naira Devaluation
• Revenue increases by over N100 billion, reaching N547 billion versus 2022; • Operating profit jumps by 41.2%, reaching 122.7 billion; February 28, 2024/Nestle Nigeria Plc Nestlé Nigeria PLC’s sales increased by 22.4% over the previous year, with earnings of N547.1 billion, an increase of N100.2 billion over 2022. Gross […]
