Category: Napkin Notes
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Airtel Nigeria is one of the big 3 telcos in Nigeria (the other two being MTN Nigeria and Globacom Nigeria). Last week its parent company Airtel Africa dropped its 9M 2024 results and held an earnings call. Airtel Africa is the listed entity on the Nigerian and London Stock exchanges. My initial focus was to…
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Total Energies Nigeria today dropped its unaudited full year 2024 results. Revenue went up by 64% from N635 billion in 2023 to N1.04 trillion. The company joined the N1 trillion club. This is a select group of companies that have made N1 trillion or more in revenue. They include Dangote Cement and MTN Nigeria. About…
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Netflix co founder Reed Hastings Netflix (one of the major streaming platforms globally) dropped its Q4 2024 earnings last week. Here are the key points FY 2024 numbers Below is a table showing the revenue statement for the last 3 financial years, and the percentage change for each year. Paid membership grew by 19 million subscribers…
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JP Morgan is America’s largest bank by assets. Last week, it dropped its results for the fourth quarter ended December 2024. Key numbers Total revenue for Q4 2024: $43.7 billion Net income (profit after tax): $14 billion Earnings per share: $4.81 Proposed dividend per share $1.25 Income split The 4 key revenue lines are Consumer…
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Vitafoam dropped its audited FY 2024 results a few days ago. While revenue grew year on year, there was a sharp dip in profit due to higher foreign exchange losses and finance costs. In response, the company has cut its dividend. About the firm Vitafoam Nigeria Plc was Incorporated on 4th August,1962 and listed on…
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PZ Cussons Nigeria, seems to be on the road to recovery going by the higher revenue earned year on year and sharply lower losses made in Q2 2024/2025 About the firm PZ Cussons Nigeria Plc was incorporated in Nigeria on 4 December 1948 under the name of P.B. Nicholas and Company Limited. The name was…
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NAHCO Aviance, yesterday held a facts behind the figure session on the NGX. In the presentation shared, the company unveiled huge goals. A key detail was left out: The cost About the firm The principal activities of NAHCO are the provision of services including aircraft handling, cargo handling, passenger handling, passenger profiling, crew transportation, energy…
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Error of Omission or Commission? A few days ago, Champion Breweries dropped an insider dealings notice. It was for a sale of 300,000,000 shares @ ₦4.00 per share held by Raysun Nigeria Limited. The notice was dated October 22, 2024, but uploaded on the 4th of December. Why did it take so long for the…
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Published this on my substack a few days ago, but somehow missed this here. So thought to update. Lafarge Africa picked up steam in this week’s trading session on the NGX. The stock had back to back gains from Monday to Thursday, before dipping on Friday. From a TTM price to earnings ratio, the stock…
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Shareholders in CWG should expect a much higher dividend for the 2024 financial year. Even more relevant, is software bringing the lion share of revenue. About the company The firm was founded on September 26th, 1992, as Computer Warehouse Limited principally catering to Computer hardware projects. Computer Warehouse Group Plc was incorporated in Nigeria as…