Kindly click here to download the report. May 5, 2022/FSDH Research Key Performance Highlights: Nestle Nigeria reported strong revenue growth of 26.3% YoY to N110.2 billion in 1Q22. The outperformance was driven by a strong showing across both the segments as each grew 26.3% YoY. The food segment (60.0% of […]
Results & Dividends
Dangote Sugar reports strong revenue growth; however, rising costs play a spoilsport in 1Q22
Kindly click here to download the report. May 5, 2022/FSDH Research Key Performance Highlights: Dangote Sugar reported a 40.1% YoY revenue growth to N94.4 billion in 1Q22 from N67.4 billion in 1Q21, primarily driven by the 39.8% rise in the 50kg Sugar revenue segment to N91.8 billion in 1Q22. The […]
Dangote Cement reports solid financial performance, despite reduced volumes in 1Q22
Kindly click here to download the report. May 5, 2022/FSDH Research Key Performance Highlights: Dangote Cement posted a robust 24.2% YoY revenue growth in 1Q22, underperforming its competitor, Bua cement (+58.5% YoY) by a wide margin. The revenue growth was led by Nigeria (+34.3%), while the Pan-Africa (-1.8%) segment declined […]
