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 […]
Results & Dividends
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 […]
Guinness Nigeria Plc FY 2023: Net Loss on Low Volumes, Elevated Cost and Huge FX Loss
July 30, 2023/CSL Research Guinness Nigeria Plc’s (GUINNESS) FY 2023 audited numbers showed mixed performance across key metrics. The renowned Foreign Extra Stout brewer recorded a double-digit Revenue growth of 10.9% y/y to N229.44bn (FY 2023) from N206.82bn (FY 2022). Also, on a q/q basis, Revenue inched up in Q4 […]
