August 29, 2023/CSL Research Stanbic’s H1 2023 audited numbers showed a 61.6%y/y increase in Interest Income to N110.3bn driven by improved yields on risk assets. Q/q (Q2 2023 compared with Q1 2023), Interest Income was up 18.7%. Net Loans to customers was up 37.4% in H1 2023 from December 2022 […]
Results & Dividends
Nigerian Breweries Plc H1-23 Update: Earnings Pressured by Huge FX Loss
August 29, 2023/Cordros Report In this report, we review our estimates and update our views on NB for 2023E. NB faced a challenging start to the year in H1-23 as the company grappled with shrinking margins and mounting pressure on its profitability due to the liberalisation of the FX market, […]
Flour Mills Nigeria Q1 2024: FX Losses Erode Profit
August 29, 2023/CSL Research Flour Mills Nigeria Plc. (FLOURMILL) released its Q1 2024 (3M ending 30-June-2023) earnings result wherein its Revenue advanced by 34.4% y/y to N456.38bn from N339.60bn in Q1 2023 (3M ended 30-June-2022). This was supported by the growth in its revenue segments of food, agro allied, sugar […]
