April 28, 2023/CSL Research Guinness Nigeria Plc Q3(Jan-March) unaudited numbers showed resilience across key performance metrics. The renowned Foreign Extra Stout brewer recorded Revenue growth of 7.4% y/y to N54.02bn (Q3 2023) from N50.32bn (Q3 2022). However, on a q/q basis, the Revenue dropped by 17.6% from N65.60bn recorded in […]

April 28, 2023/Cordros Report GUINNESS Nigeria Plc (GUINNESS) released its Q3-23 (9M-23) unaudited financial results yesterday, which showed that the company recorded a 71.5% y/y decline in Q3-23 standalone EPS to NGN0.84 (Q3-22: NGN2.95). Thus, 9M-23 EPS settled at NGN2.68 (9M-22: NGN6.98). The sharp decline in EPS was driven by […]

FSDH Initial Reaction: Nigerian Breweries 1Q23 results  Kindly click here to download the report April 28, 2023/FSDH Research Key Performance Highlights: Nigerian Breweries reported a 10.5% YoY revenue decline to N123.3 billion in 1Q23 against N137.8 billion in 1Q22, primarily due to the challenging operating environment. The impact of the […]