Results & Dividends

Airtel Africa continues to deliver solid performance in 3Q23

FSDH Initial Reaction: Airtel Africa Plc 3Q23 results  Kindly click here to download the report. February 2, 2023/FSDH Research Key Performance Highlights: On February 2, 2023, Airtel Africa reported 3Q23 numbers. The company recorded a 10.7% YoY revenue growth in reported currency to US$1,350 million in 3Q23 (+18.0% in constant […]

Flour Mills 9M 2023: Net Margin remains depressed on high energy cost and FX loss

February 2, 2023/CSL Research Flour Mills’ 9M 2023 unaudited numbers showed a 35% y/y increase in Revenue to N1.11trn in 9M 2023 from N824.98bn in 9M 2022.  Q/q, Revenue increased marginally by 3.3% to N393.39bn in Q3 from N380.98bn in Q2. The Food business remained the major Revenue driver, contributing […]

MTNN continues to report data-driven growth in 4Q22

FSDH Initial Reaction: MTN Nigeria FY22 results  Kindly click here to download the report February 1, 2023/FSDH Research Key Performance Highlights: MTN Nigeria reported solid FY22 results on January 31, 2023. The company recorded a 21.6% YoY revenue growth to N2,012.3 billion in FY22. This solid performance was a continuation […]