Results & Dividends

Dangote Sugar Reports Robust Operating Performance in 2Q22

FSDH Initial Reaction: Dangote Sugar 2Q22 results  Kindly click here to download the report. August 3, 2022/FSDH Research Key Performance Highlights: Dangote Sugar reported a 41.0% YoY revenue growth to N91.0 billion in 2Q22 from N64.6 billion in 2Q21, primarily driven by the 39.4% rise in the 50kg Sugar revenue […]

Flour Mills of Nigeria Plc Q1 2023: COGS, FX Pressures Dampen Profit Growth

August 3, 2022/CSL Research The Russia-Ukraine induced strain in the global supply chain has continued to cause an increase in the cost of raw materials for Flour Mills, particularly as both countries rank among the top ten producers of wheat. Flour Mills of Nigeria Plc has been accommodating the escalating […]

Sterling Bank H1 2022: NIR Supports Q2 Profit Growth

August 3, 2022/CSL Research Sterling Bank’s recently released H1 2022 unaudited numbers showed growth of 8.9% y/y in Interest Income to N59.1bn. Q/q Interest Income was down 3.5%. Y/y growth was largely driven by growth in Interest Income on Loans and advances to customers (up 7.9% y/y versus Net Loan […]