FSDH Initial Reaction: Presco 2Q23 results Kindly click here to download the report. August 2, 2023/FSDH Key Performance Highlights: Presco published its 2Q23 numbers, registering an 18.4% YoY revenue growth. Presco and Okomu Oil Palm Company are the most prominent players in Nigeria’s oil palm space, with Presco significantly outperforming […]
Results & Dividends
Lafarge Africa H1 2023: Increased Tax Expense Drags PAT
August 2, 2023/CSL Research In its recently released H1 2023 results, Lafarge Africa reported a 5.9% y/y Revenue growth to N197.6bn in H1 2023 from N186.5bn in the prior period (H1 2022). Similarly, on a q/q basis, Revenue was up by 15.3% to N105.8bn in Q2 2023 from N91.8bn in […]
Presco Plc H1-23: Earnings Bolstered by Strong Topline Growth
August 2, 2023/Cordros Report Presco Plc (PRESCO) published its H1-23 unaudited financials yesterday, reporting an 11.9% y/y increase in H1-23 EPS to NGN15.08 (H1-22: NGN13.47), underpinned by impressive revenue growth (+15.3% y/y) and a decline in operating expenses (-15.3% y/y). PRESCO’s revenue grew by 15.3% y/y in H1-23 on […]
