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. […]

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 […]

April 26, 2023/Cordros Report NASCON Allied Industries Plc (NASCON) published its Q1-23 unaudited financials earlier today, in which the company reported an EPS of NGN0.62 (Q1-22: NGN0.15), following a sturdy growth in the topline (+57.1% y/y). Revenue grew by 57.1% y/y in Q1-23. We believe the higher sales outturn in […]