July 31, 2023/Cordros Report Dangote Sugar Refinery Plc (DANGSUGAR) released its Q2-22 unaudited financials yesterday, in which the company reported a standalone loss per share of NGN3.36 (vs EPS of NGN0.94 in Q2-22), resulting in a loss per share of NGN2.30 for H1-23 (vs EPS of NGN1.67 in H1-22). The […]
Results & Dividends
Nestlé Nigeria Reports N49.9 Billion Loss in H1 2023
July 30, 2023/Nestlé Nigeria Nestlé Nigeria Plc has announced a revenue of N 261.8 billion in the first half of 2023, an 17.7% increase compared to its performance in the same period of 2022. Gross profit is N 107.3 billion, an 34% increase over 80,205 earned in H1 2022. The […]
Nigerian Breweries Plc H1 2023:Huge FX Losses amidst Stunted Revenue Growth Dampen H1 2023 Performance
July 30, 2023/CSL Research Nigerian Breweries’ top-line grew marginally y/y. The H1 2023 unaudited numbers showed that Revenue grew by 1.2% y/y to N277.42bn (H1 2023) from N274.09bn (H1 2022). However, on a q/q basis, Revenue showed improvement, up 25% in Q2 2023 to N154.11bn from N123.31bn recorded in Q1 […]
