October 28, 2024/CSL Research In its recently released unaudited 9M 2024 results, BUA Cement reported a 73.7% y/y increase in Revenue to N583.41bn from N335.86bn in the same period of 2023. On a quarterly basis, Revenue also grew by 8.2%, reaching N219.46bn in Q3 2024 compared to N202.81bn in Q2 […]
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Dangote Cement Plc: High Borrowing Cost and Forex Losses Mute Topline Growth
October 28, 2024/InvestmentOne Report Remarkable Revenue Growth: In its recently released 9M:2024 unaudited financial report, Dangote Cement Plc posted a 69.06% revenue growth to NGN2.56trn, up from NGN1.51trn in the corresponding period of the previous year. This was mostly driven by price increases with a mix of volume expansion. Group […]
NGXASI Dips -0.74% on Losses in BUACEMENT, FBNH, UBA
October 28, 2024/InvestmentOne Report The NGXASI declined today by 0.74% to close at 98,708.90pts as investors reduced their stakes in BUACEMENT (-10.00%), FBNH (-6.09%) and UBA (-3.99%) which drove the Nigerian equities market into the negative terrain. In the fixed income space, the Treasury Bills secondary market traded on a positive note, driven […]
