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 […]
Results & Dividends
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 […]
ZENITHBANK 9M 2023: Sturdy Interest Income Growth & FX Gains Still Boosting Profit
October 31, 2023/CSL Research Zenith Bank’s 9M 2023 unaudited numbers showed 71.7% y/y growth in Interest Income driven by growth in Interest Income on both Net Loans and Investment Securities. Net Loans to Customers grew 44.0% in 9M compared with December 2022 inclusive of the impact of devaluation on foreign […]
