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 […]
Results & Dividends
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 […]
Nestle Nigeria Plc H1 2023: Double Whammy of Heightened FX Costs and Inflationary Pressures
August 2, 2023/CSL Research Nestle Nigeria’s H1 2023 numbers reflected the disruptions in the macroeconomic space. Despite inflationary pressures, the company’s Revenue advanced by 17.7% y/y to N261.77bn (H1 2023) from N222.45bn (H1 2022). This was supported by growth in both Food Products and Beverages segments to N166.27bn and N95.50bn […]
