July 29, 2024/United Capital Research Global Markets: Mixed Sentiments Dominated the Market Last week, the global equities market closed on a mixed note due to a broad tech sell-off after underwhelming megacap earnings raised doubts about the sustainability of the artificial intelligence-driven bull market. In the US, market sentiment was […]
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Guinness Nigeria Plc FY 2024: Cost, FX Pressures Colour Financial Year Red
July 29, 2024/CSL Research Guinness Nigeria Plc reported a 30.5% year-on-year increase in revenue for the fiscal year 2024 (July–June), rising to N299.49 billion from N229.44 billion in FY 2023. The company’s top-line performance improved slightly q/q, up 1.9%. The y/y growth in Revenue was largely driven by a price […]
Okomu Oil Palm Plc Q2-24: Burgeoning Cost Pressures Drive Margin Erosion
July 29, 2024/Cordros Report Okomu Oil Palm Plc (OKOMUOIL) published its Q2-24 unaudited financials on Friday (July 26), reporting a standalone EPS of NGN5.36 in Q2-24, which represented a 15.1% y/y decline from the prior year (Q2-23: NGN6.31). The weaker outturn resulted from a marked increase in exchange losses (+288.63% […]
