Results & Dividends

Seplat Energy records strong all-around performance in 1Q23

FSDH Initial Reaction: Seplat 1Q23 results  Kindly click here to download the report May 2, 2023/FSDH Research Key Performance Highlights: Seplat Energy reported robust 1Q23 results, with revenues surging 51.1% YoY to N152.0 billion, while the net profit jumped 218.7% YoY to N26.4 billion in 1Q23 versus a net profit […]

Guinness Nigeria’s modest top-line growth continues to be marred by FX losses and rising administrative expenses in 3Q23

FSDH Initial Reaction: Guinness Nigeria 3Q23 results  Kindly click here to download the report May 2, 2023/FSDH Research Key Performance Highlights: Guinness Nigeria reported a mixed set of numbers for 3Q23. The company recorded revenue growth of 7.4% YoY to N54.0 billion in 3Q23 from N50.3 billion in 3Q22, while […]

Dangote Cement Q1 2023: Revenue Down on Reduced Production Volumes

May 2, 2023/CSL Research Dangote Cement reported a marginal decline in Revenue by 1.6% y/y to N406.22bn in Q1 2023 from N413.18bn in Q1 2022 based on its recently released Q1 2023 results. On a q/q basis, performance was disappointing, as Revenue was down by 7.1% q/q from N441.07bn in […]