FSDH Initial Reaction: UAC of Nigeria 1Q24 results  Kindly click here to download the report. May 2, 2024/FSDH Research Key Performance Highlights: In 1Q24, UAC of Nigeria reported solid revenue growth of 64.7% YoY to N40.5 billion, powered by strong growth in the Packaged Food and Beverages and Paints segments. […]

May 2, 2024/CSL Research In Q1 2024, Nestle reported its Revenue went up 43.4% y/y and 21.9% q/q to N183.48bn from N127.97bn in Q1 2023 and N150.53bn in Q4 2023. Cost of Sales (adjusted for depreciation) rose significantly to N132.49bn (+78.0% y/y) in Q1 2024 from N74.41bn in Q1 2023. […]

May 2, 2024/CSL Research International Breweries’ Q1 2024 unaudited numbers showed Revenue growth of 89.7% y/y to N103.22bn from N54.39bn (Q1 2023). On a q/q basis, Revenue was up 34.4% from N76.82bn in Q4 2023. We believe the topline growth was mainly driven by the c.23.5% price increase across product […]