Zenith Bank Plc H1:2024 Earnings Note | Impressive Performance Riding on Core & Non-Core Income
Impressive Performance Riding on Core & Non-Core Income Zenith Bank Plc published its H1:2024 interim financial results, recording a 120.03% YoY expansion in Gross Earnings to NGN2.05trn. This is on the back of increase in both interest income (+176.69% YoY to NGN1.15trn) and non-interest income (+72.50% YoY to NGN951.94bn) in the period. Meanwhile, Operating Expenses […]
MTNN Plc Q1:2024 Earnings Note – Foreign Exchange (FX) Losses Plague Bottom-line
Below is a detailed overview of the financial performance of MTN Nigeria Communications Plc during the first quarter of 2024. Limited Pass-through for Stronger Revenues In its recently released Q1:2024 financial result, MTN Nigeria Communications Plc (MTNN) recorded higher revenue figures on a Year- on-Year (YoY) basis, recording a 32.54% YoY growth to NGN752.98bn in […]
MTNN Plc 2023FY Earnings Note – Foreign Exchange Losses Bite Deep
Below is a detailed overview of the financial performance of MTN Nigeria Communications Plc during the 2023 full year. Strong Revenue Growth Offset by Higher Costs In its recently released 2023 full year (FY) financial result, MTN Nigeria Communications Plc (MTNN) observed higher revenue figures on a Year- on-Year (YoY) basis, recording a 22.69% YoY […]
2023FY FBNH Unaudited Financial Result | Interest Income & Non-Interest Revenue to the Rescue
Below is a detailed overview of the unaudited financial result of FBNH for 2023FY. Interest Income & Non-Interest Revenue to the Rescue FBNH released the unaudited Full-year results for 2023, revealing a respective 88.52% YoY and 129.41% increase in Gross earnings and Profit Before Tax (PBT). Major drivers for earnings growth include higher interest income […]
Airtel Africa Plc H1:2024 FYE Performance – Charting through Tumultuous Headwinds
Below is a detailed overview of Airtel Africa Plc’s performance during the first half of its fiscal year. FX Devaluation Hinder Revenue Growth In its recently released H1:2024 financial result, Airtel Africa Plc (AIRTELAFRI) posted a marginal increase in its consolidated topline in reporting currency. Overall Revenue increased by 2.28% Year-on-Year (YoY) in H1:2024 (vs. […]
MTNN Plc Q3:2023 Earnings Note – Resilient Performance amidst Macro Headwinds
Below is a detailed overview of the financial performance of MTN Nigeria Communications Plc during the third quarter of 2023. Data ReveData Revenue Supports Revenue Growth In its recently released Q3:2023 financial result, MTN Nigeria Communications Plc (MTNN) noted increased revenue, exceeding its growth from a year ago. Topline grew by 21.76% YoY to NGN1.77trn […]
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 […]
