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 […]
H1:2023 BUACEMENT Earnings Note | Spiraling Finance Costs Limits Bottom-Line Growth
This report provides a detailed overview of BUA Cement’s performance during the first half of 2023 (H1:2023). BUA Cement Plc. recently released its H1:2023 financial results, depicting a 17.24% YoY growth in revenue to NGN221.07bn. On the other hand, production cost of sales (adjusted for depreciation) rose by 17.42% YoY to NGN105.36bn while total operating […]
H1:2023 DANGCEM Earnings Note | FX Devaluation Erodes Bottom-Line Performance
Below is a detailed overview of Dangote Cement’s performance during the first half of 2023 (H1:2023). Higher Revenue Riding on Pricing Strategy Dangote Cement Plc. recently released its H1:2023 financial results, depicting a 17.67% Year-on-Year (YoY) growth in revenue to NGN950.83bn. This is amid a decline (-5.53% YoY to 13.4Mt) in sales volume during the […]
Airtel Africa Plc Q1:2024 Performance – The Constraints of Unrealized FX Losses
Below is a detailed overview of Airtel Africa Plc’s performance during the first quarter of its fiscal year. Revenue Growth Offset by FX Losses In its recently released Q1:2024 financial result, Airtel Africa Plc (AIRTELAFRI) posted growth in its consolidated topline in reporting currency. During the period, markets in Nigeria and East Africa noted significant […]
MTNN Plc H1:2023 Earnings Note – FX Devaluation limits Bottomline Growth
Below is a detailed overview of the financial performance of MTN Nigeria Communications Plc during the first half of 2023. Data Revenue Propels Revenue Expansion In its recently released H1:2023 financial result, MTN Nigeria Communications Plc (MTNN) posted a higher revenue figure, exceeding its growth level from the previous period. Total revenue grew by 21.96% […]
H1:2023 FBNH Earnings Result | Impressive Performance Rode on Fair Value Gains
In this report, we analyze the recently released financial results of FBN Holding Plc for the first half of 2023 and give our opinion of what the full-year performance would look like considering present realities and we revise our target price expectations for its stock price for the end of the year. Executive Summary In […]
