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 […]

FSDH Initial Reaction: MTN Nigeria 1Q23 results  Kindly click here to download the report. April 28, 2023/FSDH Research Key Performance Highlights: MTN Nigeria maintained its robust momentum from last year, posting double-digit growth in 1Q23. The company recorded a 20.6% YoY revenue growth to N568.1 billion in 1Q23. The service […]