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From Aching Tooth to Life-Saving Surgery: A Mechanic’s Journey with Mercy Ships

Papa from Western Senegal was just a teenager when he noticed a small lump in his mouth April 30, 2024/MercyShips A 21-year-old man is rejoicing after receiving free surgery from a charity to remove a tumor that had grown to half the size of his face. Papa from Western Senegal […]

NASCON Allied Industries Plc Q1-24: Net FX Losses Wipe Out Topline Gains

April 30, 2024/CSL Research NASCON Allied Industries Plc (NASCON) published its Q1-24 unaudited financials earlier today, in which the company reported a 25.0% y/y decline in EPS to NGN0.47 (Q1-23: NGN0.62), following a net FX loss of NGN3.06 billion. Revenue rose by 39.7% y/y in Q1-24. We think the topline […]

UACN Plc Q1’24: Significant FX Gains Boost Bottom-Line

April 30, 2024/CSL Research In its 2024 unaudited financial results, UAC of Nigeria Plc’s (UACN) Revenue increased to N40.56bn (+64.7% y/y) from N24.60bn in Q1 2023. On a q/q basis, the Revenue was up by 4.0% from N39.00bn in Q4 2023. The uptick in the company’s Revenue was largely buoyed […]