August 3, 2022/CSL Research The Russia-Ukraine induced strain in the global supply chain has continued to cause an increase in the cost of raw materials for Flour Mills, particularly as both countries rank among the top ten producers of wheat. Flour Mills of Nigeria Plc has been accommodating the escalating […]
Results & Dividends
Sterling Bank H1 2022: NIR Supports Q2 Profit Growth
August 3, 2022/CSL Research Sterling Bank’s recently released H1 2022 unaudited numbers showed growth of 8.9% y/y in Interest Income to N59.1bn. Q/q Interest Income was down 3.5%. Y/y growth was largely driven by growth in Interest Income on Loans and advances to customers (up 7.9% y/y versus Net Loan […]
Presco’s Solid Top-Line Performance, Dampened by Increased Costs in 2Q22
FSDH Initial Reaction: Presco 2Q22 results Kindly click here to download the report. August 2, 2022/FSDH Research Key Performance Highlights: Presco published its 2Q22 numbers on August 2, delivering robust top-line performance. Okomu Oil Palm Company and Presco are the most prominent players in Nigeria’s oil palm space, with Presco […]
