Category: Napkin Notes
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Like its sister company, Nascon Allied Dangote Sugar has had a rough 2024 due to higher cost of sales and finance costs. Key words FY: financial year FY 23: January to December 2023. 9M: Nine months ( in this case January to September) 9M 2023: January to September 2023 9M 2024: January to September 2024…
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Despite a tough macroeconomic environment, May and Baker had decent top and bottomline growth in 9M 2024. About the company May & Baker Nigeria Plc was incorporated as a private limited liability company in Nigeria on September 4, 1944 and commenced business on the same date. It was listed on the Nigerian stock exchange in…
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2024 was (and is because the year isnt over) a tough year for many businesses. Hotels seem to have had it great. Ikeja Hotels and Transcorp Hotels had topline and bottomline growth. I also took a detour to UPDC’s hotel. Though not listed, but some colour was provided in the parent company’s 9M 2024 numbers. …
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Despite topline and bottomline growth in 9M 2024, the rise in receivables is a cause for concern. About the firm Chams Plc was incorporated as a limited liability Company on 10 September 1985 and became a public Company (via a listing by introduction) on 4 September 2008. There was a change of name on 12th…
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While Zenith had decent 9M 2024 gross earnings and profit, stage 2 impairment provisions are a concern. About the bank Zenith Bank Plc was incorporated in Nigeria under the Companies and Allied Matters Act as a private limited liability company on May 30, 1990. It was granted a banking licence in June 1990, and commenced…
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Oando released its audited FY 23 results after market close on Friday. Analyzing this company can be challenging, as the figures are somewhat outdated and include some 2024 data. A more comprehensive understanding will emerge once the 2024 numbers are available. SO my focus is on the financial statement and other key points i found…
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Higher raw materials cost led to a drop in profit in Q3 2024 for NASCON (Dangote Salt) About the firm Nascon Allied Industries Plc (Formerly known as National Salt Company of Nigeria) was incorporated in Nigeria as a limited liability Company on 30 April 1973. It was fully privatised in April, 1992 and became listed…
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About the firm Livestock Feeds Plc was incorporated on 20th March,1963 and commenced business on 20th May, 1963. The Company was quoted on the Nigerian Stock Exchange in 1978. The Company is engaged principally in the manufacturing and marketing of animal feeds and concentrates. Other products include veterinary drugs which are bought from other Companies…
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Okomu Oil dropped its 9M 2024 results yesterday after trading hours. There was topline and bottom line growth. About the firm Okomu Oil Palm was incorporated on December 3 1979 as a private firm. It converted to a public firm on September 19, 1997. Total number of shares issued is 953,900,000. Socfina of Luxembourg is…
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Seplat Energy this morning dropped its results for the 9 months ended September 2024. That means January to September 2024. What does Seplat do? Seplat was formed in June 2009 through the partnership of Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited. The firm plays in the upstream oil and gas space…