July 30, 2024/Cordros Report BUA Cement Plc (BUACEMENT) released its Q2-24 unaudited financials yesterday (29 July), reporting an EPS decline of 55.8% y/y to NGN0.48 (Q2-23: NGN1.09). This decline is primarily attributed to increased costs (+146.0% y/y) and substantial FX losses during the period. Similarly, H1-24 EPS fell by 46.2% y/y to NGN1.01 (H1-23: […]
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Nestle Nigeria H1 2024: Strong Revenue Growth offset by Increased Costs and FX Loss
July 30, 2024/CSL Research In its H1 2024 results, Nestle reported Revenue growth of 55.5% y/y to N406.97bn from N261.77bn in H1 2023. On a q/q basis, Revenue was up 21.8% to N223.49bn in Q2 2024 from N183.48bn in Q1 2024. Revenue growth was largely driven by volume growth and […]
AfDB Launches 54 Country Focus Reports
The reports give deeper country-by-country specific dynamics and insights July 30, 2024/AfDB The African Development Bank Group has launched Country Focus Reports designed to deepen policy dialogue on the macroeconomic performance and outlook of individual countries and to act as an indispensable tool for policy makers, government and development partners. […]
