Results & Dividends

Domestic Financial Market Company Update

August 7, 2023/United Capital Kindly see below company dividend declarations as at Friday, 04-August-2023.   Company Bonus Dividend/Share Type Period Qualification Dates Dividend Yield Closure of Register Payment Date ABC Transport Plc – ₦0.02 Final Dividend 31-Dec-22 26-May-23 3.1% 29 to 31-May To be advised Access Holdings Plc – ₦1.30 Final […]

Presco Plc HI 2023: Increased Volume Aids Revenue Growth

August 3, 2023/CSL Research Presco Plc (PRESCO) in its H1 2023 results reported a 15.3% y/y growth in Revenue to N48.07bn from N41.71bn (H1 2022). Also, on a q/q basis, Revenue was up 19.3% to N26.16bn (Q2 2023) from N21.92bn (Q1 2023). Its topline was driven by improved sales of […]

International Breweries H1 2023: Huge FX Loss and High Operating Cost Drag H1 Performance

August 3, 2023/CSL Research International Breweries’ top-line grew marginally y/y. The H1 2023 unaudited numbers showed Revenue declined by 4.2% y/y to N116.13bn (H1 2023) from N111.41bn (H1 2022). We opine that the weakened consumer purchasing power moderated sales volumes as consumers continued to adjust their expenditure pattern in favour […]