October 26, 2023/Cordros Report Guinness Nigeria Plc (GUINNESS) published its unaudited Q1-24 results after market close yesterday (25 October), reporting a 5.6% y/y decline in EPS to NGN1.19 (Q1-23: NGN1.25) undermined by higher net finance costs (+117.8% y/y). Adjusting for the export expansion grant (NGN1.35 billion), the company reported an […]
Results & Dividends
Nigerian Breweries Plc Q3-23: Weak Operating Performance, Higher Net Finance Costs Drags Earnings
October 26, 2023/Cordros Report Nigerian Breweries Plc (NB) published its Q3-23 unaudited financials after close of business yesterday (25 October). The results showed a loss per share of NGN1.16 (vs loss per share of NGN0.49 in Q3-22), due to the higher net finance costs (+49.5% y/y). As a result, 9M-23 […]
Nigerian Breweries Plc 9M 2023: Stunted Revenue Growth & FX Loss Dampen 9M 2023 Performance
October 26, 2023/CSL Research Nigerian Breweries’ top-line grew marginally y/y. The 9M 2023 unaudited numbers showed that Revenue grew by 2.1% y/y to N401.69bn (9M 2023) from N393.34bn (9M 2022). Also, on a q/q basis, Revenue was down 19.4% in Q3 2023 to N124.27bn from N154.11bn recorded in Q2 2023. […]
