FSDH Initial Reaction: Nestle Nigeria 3Q23 results Kindly click here to download the report. November 3, 2023/FSDH Research Key Performance Highlights: Nestle Nigeria reported strong revenue growth of 21.4% YoY to N134.8 billion in 3Q23. The revenue growth was primarily driven by a 29.9% YoY growth in the Food segment […]
Results & Dividends
MTN Nigeria 9M 2023: Topline Growth Driven by Data
November 3, 2023/CSL Research MTN Nigeria’s 9M 2023 Revenue growth was driven largely by double-digit growth in voice ((+10.6% y/y to N834bn) and data revenue ((+36.4% y/y to N749.53bn), amidst inflationary growth in Operating Expenses (+22.2% y/y to N417.42bn). A 174.41% y/y increase in Net Finance Cost to N375.96bn contributed […]
Dangote Cement Plc 9M 2023: Pan African Operations to the Rescue
November 2, 2023/CSL Research Dangote Cement’s operations were affected negatively by the election uncertainty and cash unavailability which impacted business operations in Q1 2023. The company also noted that the significant FX devaluation in Q2 2023 also hampered sales volumes. Consequently, the group sales volume declined 2.3% y/y to 20.29m […]
