May 3, 2024/Cordros Report In this report, we update our views on DANGCEM and outline our expectations for the rest of the year. The group’s Q1-24 result revealed a robust growth in aggregate revenue (+101.0% y/y), which as we envisaged was driven by the 78.9% y/y hike in prices and […]
More News
Intraday Update: Nigerian Stocks Advance +0.42% on Blue Chips Interest
May 3, 2024/InvestmentOne Update ASI as at 12.00pm: +0.42% Top Gainers and Losers: PRESCO (+9.96%), ELLAHLAKES (+9.93%), TANTALIZER (-10.00%) and NASCON (-9.94%). Sector Performances: Banking (+3.65%), Consumer Goods (+0.08%), Oil & Gas, and Industrial. Market activity: In today’s trade, total volume and value both advanced by 18% and 1% respectively, […]
Presco Plc FY 2023: Tapered Cost of Sales, Biological Asset Revaluation Gains Support Strong Profitability
May 3, 2024/CSL Research Presco Plc (PRESCO) in its audited FY 2023 results reported a 26.4% y/y growth in Revenue to N102.42bn from N81.03bn (FY 2022). However, on a q/q basis, Revenue was down 11.3% to N25.55bn (Q4 2023) from N28.8bn (Q3 2023) possibly due to the observed decline in […]
