February 1, 2023/Cordros Report In this update, we review our estimates and update our view on GUINNESS for 2023FY. This is coming off the brewer’s weak performance in H1-23, reflective of the heightened cost pressures. Though we expect the brewer to maintain decent topline growth in 2023FY, we believe the […]
Results & Dividends
Stanbic ends FY22 on a high note with robust performance in 4Q22
FSDH Initial Reaction: Stanbic IBTC FY22 results Kindly click here to download the report February 1, 2023/FSDH Research Key Performance Highlights: Stanbic bank reported solid FY22 results, and the bank also reported strong 4Q22 numbers. In FY22, total income surged 40.5% YoY to N240.4 billion, primarily due to a 50.1% […]
Okomu oil delivers robust operating performance in FY22
FSDH Initial Reaction: Okomu Oil FY22 results Kindly click here to download the report. February 1, 2023/FSDH Research Key Performance Highlights: On January 30, Okomu Oil published its FY22 numbers with a robust operating performance. Revenue grew 58.4% YoY to N59.2 billion in FY22. The revenue growth was primarily driven […]
