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 […]
Results & Dividends
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 […]
Cadbury Nigeria Plc: Q3 2023 Reflects Improved Financial Performance
October 27, 2023/CSL Research Cadbury Nigeria Plc. (Cadbury) reported a 39.2% y/y growth in Revenue to N59.2bn in 9M 2023 from N42.54bn in 9M 2022 financial result. All the revenue segments showed growth in the period. The Refreshment Beverage, Confectionary and Intermediate Cocoa Products appreciated by 106.6%, 54.6% and 169.7% […]
