Tag: FY 2024 results
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Chemical and Allied Products (CAP) delivered stellar results in 2024, amidst what was an extremely challenging year. Management needs to work on making the stock more liquid. Revenue Revenue made during the period was N36.3 billion, 52% higher than the N23.8 billion it generated in 2023. N36.2 billion of revenue (the lion share) was from sales…
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Good morning and welcome to this week’s edition of Bulls and Bears. This is a weekly thread i do on happenings on the NGX and US equity space. If you have any questions, please feel free to share. Please like/share/retweet. You can send an email to info@greentickertales.com or use the anon link Let’s start with…
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CWG Plc (Computer Warehouse Group) yesterday released its results for the audited FY 2024. The company hiked its dividend payout by 143%. About the firm CWG was incorporated in Nigeria as a private limited liability company on 1 February 2005 and listed on the Nigerian Stock Exchange on the 15th of November 2013. The Group…
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Little little patience is a single released by the rainmaker Majek Fashek Shareholders have been patient for two years running, but that patience could be wearing thin. In an unstable economy like Nigeria, cash is king. For two years running, the firm has been unable to pay a dividend because it has been running on…
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NASCON Allied Industries (Dangote Salt as it was prior known) had strong topline growth in the financial year 2024. Profit grew at a much slower pace due to higher costs. Shareholders have reason to cheer as the company hiked its dividend payout by 100%. About the firm The Company was incorporated on April 30, 1973…
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BUA Cement is one of the 3 cement companies on the NGX. It is also one of the 3 cement companies in Nigeria. It was founded Abdulsamad Rabiu. FY 2024 numbers There was a decent increase in revenue. Full year revenue came in at N876 billion. Up 47.5% from the N459 billion in 2023 At…
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Dangote Cement had a pretty dull year due to a sharp rise in operating costs, finance costs and thin volume growth. The spike in finance costs were in the African subsidiaries. Group operations Revenue went up from N2.2 trillion in 2023 to N3.5 trillion in 2024 Up 62.1% year on year Operating profit went up…
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MTN Nigeria, yesterday released its audited numbers for the 2024 financial year. There was decent increase in revenue, but losses worsened. FY 2024 numbers Total revenue for the year went up by 36% from N2.4 trillion in 2023 to N3.3 trillion in 2024. Voice and data accounted for the bulk of revenue. Voice data came…
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Nigerian Breweries dropped its audited FY 2024 numbers last week Friday. Revenue hit the N1 trillion mark up 80% from the N599 billion it made in FY 2023. That’s taken the brewer into a select number of firms on the exchange to do that. They include MTN Nigeria and Dangote Cement. Operating margins are thin.…
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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…