October 27, 2023/Cordros Report Flour Mills of Nigeria Plc (FLOURMILL) published its Q2-24 unaudited results earlier today reporting a decline of 90.0% y/y in standalone PAT with accompanying EPS of NGN0.06 (Q2-23: NGN0.60), bringing H1-24 loss per share to NGN2.43 (H1-23 EPS: NGN1.97). Revenue grew by 33.4% y/y, driven by […]
Results & Dividends
Flour Mills of Nigeria Plc H1 2024: FX Losses Impacts Bottom-Line Performance Despite Strong Revenue Growth
October 27, 2023/CSL Research Flour Mills Nigeria Plc. (FLOURMILL) Revenue appreciated by 33.9% y/y to N946.65bn in H1 2024 from N720.57bn in H1 2023. On a quarterly basis, the company’s Revenue grew 11.4% q/q to N508.27bn in Q2 2024 from N456.38bn in Q1 2024. Growth in the food, sugar and […]
STANBIC IBTC 9M 2023: Strong Operating Performance
October 27, 2023/CSL Research Stanbic’s 9M 2023 unaudited numbers showed a 72.4%y/y increase in Interest Income to N184.6bn driven by improved yields on risk assets. Q/q (Q3 2023 compared with Q2 2023), Interest Income was up 24.2%. Net Loans to customers was up 46.3% in 9M 2023 compared with the […]
