H1:2023 LAFARGE Africa Plc. Earnings Note | Performance Marked by Tepid Revenue Growth
This report provides a detailed overview of Lafarge Africa Plc. performance during the first half of 2023 (H1:2023). H1:2023 financial statement for Lafarge Africa Plc. revealed a 5.95% YoY growth in revenue to NGN197.68bn. On the other hand, production cost of sales (adjusted for depreciation) rose marginally by 2.94% YoY to NGN81.02bn while total operating […]
Weekly Commentary and Stock Recommendation: 7th August – 11th August 2023
This is a brief summary of the economic events that occurred this week in the global and domestic space. This report also provides investment strategies for investors in the coming week. Global Economy Earlier this week, The US Bureau of Labor Statistics released its July 2023 Consumer Price Index (CPI) report. According to the report, […]
Daily Market Update | 11-08-2023
The Nigerian Equities Market closed in the positive territory this week as its benchmark index rose by 0.18% to 65,325.37 points. Consequently, its Year-to-Date return printed at 27.46% (Yesterday: 27.23%). The strong market performance was primarily driven by gains in MTN Nigeria Plc and Transnational Corp of Nigeria, offsetting the losses in UBA and International […]
