May 3, 2023/NGX Nigerian Exchange Group Plc (“NGX Group” or “The Group”) announced its unaudited results for the period ended 31 March 2023.   Group Financial Highlights   Income statement  In millions of naira Mar-23 Mar-22 % Change Revenue 1,332.2 1,676.5 -20.5% Other income 233.4 148.0 57.7% Gross earnings 1,565.6 […]

FSDH Initial Reaction: Nestle Nigeria 1Q23 results  Kindly click here to download the report May 3, 2023/FSDH Key Performance Highlights: Nestle Nigeria reported strong revenue growth of 16.1% YoY to N128.0 billion in 1Q23. The revenue growth was primarily driven by a 22.7% YoY growth in the Food segment to […]

FSDH Initial Reaction: Dangote Cement 1Q23 results  Kindly click here to download the report May 3, 2023/FSDH Key Performance Highlights: On 28 April 2023, Dangote Cement reported lukewarm 1Q23 results. The total revenue declined by 1.6% YoY to N406.7 billion in 1Q23 (1Q22: N413.2 billion), primarily due to a 12.9% […]