Results & Dividends

Okomu Oil Reports Subdued 2Q23, after Strong FY22 and 1Q23 Results

FSDH Initial Reaction: Okomu Oil 2Q23 results Kindly click here to download the report August 1, 2023/FSDH Key Performance Highlights: Okomu Oil’s revenue fell 19.1% YoY to N16.4 billion in 2Q23 compared to N20.3 billion in 2Q22. The revenue drop was primarily driven by a 19.6% YoY fall in local […]

MTN NIGERIA H1 2023: Increased Finance Costs Drag PBT

August 1, 2023/CSL Research MTN Nigeria’s H1 2023 UNAUDITED results released last week, showed the company sustained the momentum in its Revenue growth, reporting a 22% y/y growth in Revenue to N1.1tn from N950bn in H1 2022. On a q/q basis, Total Revenue increased by 4% to N590.6bn in Q2 […]

International Breweries Plc Q2-23: Earnings Weakened by Unrealised FX Loss and Higher Net Finance Costs

July 31, 2023/Cordros Report International Breweries Plc (INTBREW) published its Q2-23 unaudited results over the weekend (30 July), reporting a more significant loss per share of NGN0.79 in Q2-23 (vs loss per share of NGN0.01 in Q2-22), bringing the H1-23 loss per share to NGN0.88 (vs EPS of NGN0.01 in H1-22). […]