April 27, 2023/Cordros Report MTN Nigeria Communications Plc (MTNN) released its Q1-23 unaudited results this morning, showing a 3.8% y/y increase in EPS to NGN4.94. The growth in earnings was driven mainly by the robust expansion in the top line (+20.6% y/y) amid a 133bps decline in EBITDA margin. Revenue […]
Results & Dividends
Nigerian Breweries Plc Q1 2023: Huge FX Losses amidst Lower Revenue Results in Q1 2023 Pre-Tax Loss
April 27, 2023/CSL Research Nigerian Breweries’ top-line unprecedentedly shrank y/y. The Q1 2023 unaudited numbers showed that Revenue declined by 10.5% y/y to N123.31bn (Q1 2023) from N137.78bn (Q1 2022). Also, on a q/q basis, Revenue dipped, down 21.6% in Q1 2023 to N123.31bn from N157.19bn recorded in Q4 2022. […]
UNILEVER NIGERIA PLC Q1 2023 Result Highlight: Increase in Topline Performance
April 26, 2023/InvestmentOne Report Revenue: up 2.74% q/q, up 19.69% y/y Gross profit margin: down 1663bps q/q, up 818bps y/y PBT margin: down 2153bps q/q, up 624bps y/y PAT margin: down 1562bps q/q, up 161bps y/y Topline Performance Improvement Unilever Nigeria Plc released its Q1 2023 unaudited financial report last […]
