May 2, 2023/CSL Research International Breweries’ top-line shrank y/y. The Q1 2023 unaudited numbers showed that Revenue declined by 5.4% y/y to N54.40.31bn in Q1 2023 from N57.52bn in Q1 2022. We opine that the weakened consumer purchasing power moderated sales volumes as consumers continue to adjust their expenditure pattern […]

May 2, 2023/CSL Research Nestle Nigeria plc’s Q1 2023 numbers showed a steady growth in Revenue, up 16.1% y/y to N127.97bn (Q1 2023) from N110.23bn (Q1 2022). This was supported by growth in both the Food Products and Beverages segments. Maggi seasoning, Cerelac, Nan and other household names in the […]

May 2, 2023/CSL Research Lafarge Africa reported a 1.3% y/y increase in Revenue to N91.82bn in its recently released Q1 2023 unaudited results from N90.61bn in Q1 2022. On a q/q basis, Revenue decreased by 11.2% to N90.61bn in Q1 2023 from 103.39bn in Q1 2022. The broad-based growth in […]