July 31, 2024/InvestmentOne Report The NGXASI fell by 0.06% today to close at 97,774.22pts, as the losses in NB (-9.82%), UCAP (-8.96%) and ZENITHBANK (-2.22%) drove the domestic bourse into the negative region. In the fixed income space, the Treasury Bills secondary market closed bearish today, driven by the selloffs observed in […]
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Dangote Sugar Refinery Plc H1 2024: Profitability Eroded by Cost Pressure and FX Loss
July 31, 2024/CSL Research In its H1 2024 earnings result, Dangote Sugar Refinery Plc’s (DSR) Revenue was up 45.8% y/y to N295.62bn from N202.78bn in H1 2023. On a q/q basis, Revenue was also higher by 40.9% to N172.90bn in Q2 2024 from N122.73bn in Q1 2024. Revenue growth was […]
FBNH H1 2024: Strong Interest & Fee Income Growth, Fair Value Gains, Drive Profit Growth
July 31, 2024/CSL Research FBNH H1 2024 unaudited numbers showed strong growth in both Interest and Non-Interest Income. Interest Income was up 155.4% y/y and 8.3% q/q driven by growth in both earning assets and average yield. Net Loans to customers were up 42.4% at the close of H1 2024 […]
