October 27, 2023/Cordros Report DANGCEM published its Q3-23 unaudited financials yesterday (26 October), reporting stellar growth of 141.3% y/y in Q3-23 standalone PAT as EPS surged by 137.8% y/y to NGN5.48, bringing 9M-23 EPS to NGN16.08 (+29.6% y/y). The Q3-23 EPS print was boosted by the impressive growth in the […]
Results & Dividends
Guinness Nigeria’s good top-line performance continues to be dampened by FX losses in 1Q24
FSDH Initial Reaction: Guinness Nigeria 1Q24 results Kindly click here to download the report. October 27, 2023/FSDH Research Key Performance Highlights: Guinness Nigeria reported a mixed set of numbers for 1Q24. The company recorded revenue growth of 12.7% YoY to N59.5 billion in 1Q24 from N52.9 billion in 1Q23, while […]
Nigerian Breweries Reports Tepid Results in 3Q23
FSDH Initial Reaction: Nigerian Breweries 3Q23 results Kindly click here to download the report. October 27, 2023/FSDH Research Key Performance Highlights: Nigerian Breweries reported a 4.2% YoY increase in revenue to N124.4 billion in 3Q23 against N119.4 billion in 3Q22, driven by higher pricing to mitigate inflation. However, overall volumes […]
