FSDH Initial Reaction: Flour Mills 2Q24 results Kindly click here to download the report. November 1, 2023/FSDH Research Key Performance Highlights: Flour Mills continued its robust top-line performance in 2Q24 as the company recorded a handsome 33.4% YoY increase in revenue to N508.3 billion. The robust growth was primarily driven […]
Results & Dividends
Airtel Africa’s Robust 2Q24 Operating Performance Marred by the Naira Devaluation
FSDH Initial Reaction: Airtel Africa Plc 2Q24 results Kindly click here to download the report. November 1, 2023/FSDH Research Key Performance Highlights: Airtel Africa reported subdued 2Q24 numbers on 30 October 2023. The Company recorded a 4.7% YoY fall in revenue in reported currency to US$1,246 million in 2Q24, reflecting […]
International Breweries Plc 9M 2023: High Operating Costs & FX Loss Heighten Losses
October 31, 2023/CSL Research International Breweries’ 9M 2023 unaudited numbers showed a Revenue increase of 14.6% y/y to N183.78bn (9M 2023) from N160.43bn (9M 2022). We believe the nation’s high inflation and diminished consumer purchasing power impacted sales volumes, as consumers persist in adapting their spending preferences towards essentials. The […]
