June 3, 2024/IOSCO IOSCO today published its Final Report: Leveraged Loans and Collateralised Loan Obligations (CLOs) Good Practices for Consideration. IOSCO has been following the evolution of the Leveraged Loans and CLO markets, including significant shifts in market practices that emerged during the ‘low-for-long’ interest rate environment. In its analysis […]
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Flour Mills of Nigeria Plc 2024FY: Huge FX Loss Weaken Earnings Momentum
June 3, 2024/Cordros Report Flour Mills of Nigeria Plc (FLOURMILL) released its 2024FY audited results yesterday (June 2nd), reporting a 99.2% y/y decline in PAT, with accompanying EPS of NGN0.06 (2023FY: NGN7.25). The decline in earnings is attributed to the surge in FX losses (+336.6% y/y to NGN137.46 billion) in […]
Flour Mills of Nigeria Plc FY 2024: Foreign Exchange Loss Drags Profitability
June 3, 2024/CSL Research In its FY 2024 (FY ended 31 March 2024) result, Flour Mills of Nigeria Plc’s (Flourmill) Revenue was up 48.8% y/y to N2.29tn from N1.54tn in FY 2023. On a q/q basis, the company’s Revenue increased by 23.2% to N732.36bn in Q4 2024 from N594.55bn in […]
