Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... CAVERTON 10.00  FBNH 10.00  FLOURMILL 9.99  RTBRISCOE 9.93  NESTLE 9.88  SCOA 9.83  ETRANZACT 9.59  UPDC 9.46  LEARNAFRCA 7.74  ABCTRANS 7.59  VSPBONDETF -24.81  STANBICETF30 -10.00  DAARCOMM -8.86  ETERNA -8.14  UNIVINSURE -7.69  SOVRENINS -5.97  INTBREW -5.32  OMATEK -5.26  CORNERST -4.90  ELLAHLAKES -4.15 
Get IDIA - the stock trading app for the modern investor
Earnings Highlights | AIRTELAF, NB, GUINNESS, CHAMPION, FIDELITY & ETI's Earnings Results
(Source: Afrinvest Research , Date: 10-May-2024)
Dear Afrinvestor,

It's Earnings Season! 

Quick Glance at the Highlight:
  • AIRTELAF's service revenue fell 5.3% y/y to $5.0bn in FY:2024 due to the negative impact of the currency devaluation in Nigeria, Malawi, Zambia, and Kenya. The Group recorded a loss before and after tax of $63.0m and $89.0m respectively.
  • NB's revenue grew 84.2% y/y to ₦227.1bn. Nevertheless, bottom line closed in the negative region of ₦52.1bn, dragged by a record 397.5% jump in unrealised FX loss to ₦72.8bn.
  • GUINNESS revenue advanced 27.7% in 9M:2023/4 to ₦220.3bn. However, faster growth in cost of sales (up 36.2% y/y) and unrealised FX loss (up 1,226% y/y) resulted in a pre-tax loss.
  • CHAMPION sales revenue rose 69.4% y/y in Q1:2024 to ₦4.4bn. Yet, Loss before tax nudged higher by 481.8% y/y to ₦0.8bn, due largely to unrealised FX loss of ₦743.3m.
  • FIDELITY gross earnings grew 89.9% y/y to ₦192.1bn, supported by a 90.7% and 84.0% growth in Interest and Non-interest income respectively. On the back of this, pre-tax profit surged 120.1% y/y to ₦39.5bn.
  • ETI's gross earnings grew 69.9% y/y to ₦1.8tn, supported by a 75.0% and 60.1% increment in interest and non-interest income respectively. Similarly, PBT and PAT rose 63.3% and 68.3% y/y to ₦376.5bn and ₦263.5bn respectively.
To get the latest update on the Nigerian Capital Market and the Economy, subscribe to our mailing list , blog and follow us on @Afr_Research. 


Best Regards,
Twitter
Twitter
Facebook
Facebook
[www.asl.afrinvest.com]Website
[www.asl.afrinvest.com]Website
[www.afrinvestor.com]Online Trading
[www.afrinvestor.com]Online Trading
Instagram
Instagram
LinkedIn
LinkedIn
YouTube
YouTube
Copyright © 2016 Afrinvest West Africa Limited, All rights reserved.

Our mailing address is:
Aresearch@afrinvest.com
Top News

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (12-Sep-2024 15:07:52.200)

INFOWARE TERMINAL
12-Sep-2024 15:07:52.000

InfoWARE Analyst Daily Market Report (12-Sep-2024 15:07:47.807)

INFOWARE TERMINAL
12-Sep-2024 15:07:47.000

[XNSA]>> CORDROS MILESTONE FUNDS' BID & OFFER PRICES

NGX
12-Sep-2024 13:14:41.000

[MERGROWTH]>> DAILY INDICATIVE PRICES

NGX
12-Sep-2024 12:35:55.000

[XNSA]>> TERMINATION OF APPOINTMENT OF MANAGING DIRECTOR/CHIEF EXECUTIVE OFFICER

NGX
12-Sep-2024 12:35:55.000

[AIRTELAFRI]>>Corporate Disclosures-<Airtel Africa Plc>

NGX
12-Sep-2024 12:25:06.000

[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES

NGX
12-Sep-2024 10:54:22.000

[GREENWETF]>> DAILY INDICATIVE PRICES

NGX
12-Sep-2024 10:22:14.000

[XNSA]>> APPOINTMENT OF A MANAGING DIRECTOR/CHIEF EXECUTIVE OFFICER (KINLEY SECU

NGX
12-Sep-2024 10:22:12.000

[VETINDETF]>> DAILY INDICATIVE PRICES

NGX
12-Sep-2024 10:22:11.000

[LOTUSHAL15]>> DAILY INIDCATIVE PRICES

NGX
12-Sep-2024 10:22:11.000

[XNSA]>> NGX FIXED INCOME INDICATIVE PRICE LIST FOR SEP 12, 2024, OPENING QUOTES

NGX
12-Sep-2024 10:22:11.000

[XNSA]>> LISTING OF FGN SAVINGS BONDS FOR AUGUST 2024

NGX
12-Sep-2024 10:22:10.000

Breaking News! Bears Momentum Alert (12-Sep-2024 11:20:55.033)

INFOWARE TERMINAL
12-Sep-2024 11:20:55.000

[UNIVINSURE]>>Corporate Disclosures-<UNIVERSAL INSURANCE PLC>

NGX
12-Sep-2024 10:11:21.000

[XNSA]>> CIS: 28TH ANNUAL STOCKBROKERS' CONFERENCE

NGX
12-Sep-2024 10:00:40.000

[SOVRENINS]>>Corporate Disclosures-<SOVEREIGN TRUST INSURANCE PLC>

NGX
12-Sep-2024 09:26:20.000

Breaking News! Unusual Volume Alert (12-Sep-2024 10:20:59.442)

INFOWARE TERMINAL
12-Sep-2024 10:20:59.000

Breaking News! Bulls Momentum Alert (12-Sep-2024 10:20:55.013)

INFOWARE TERMINAL
12-Sep-2024 10:20:55.000

[XNSA]>> ACTIVATION OF CODE FOR TRADING IN RIGHTS OF NIGERIAN BREWERIES PLC

NGX
12-Sep-2024 08:12:29.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (11-Sep-2024 15:09:50.912)

INFOWARE TERMINAL
11-Sep-2024 15:09:50.000

InfoWARE Analyst Daily Market Report (11-Sep-2024 15:09:46.625)

INFOWARE TERMINAL
11-Sep-2024 15:09:46.000

[NEWGOLD]>>Corporate Disclosures-<NEWGOLD EXCHANGE TRADED FUND (ETF)>

NGX
11-Sep-2024 13:40:10.000

[GUINNESS]>>Notice of Meeting -<GUINNESS NIG PLC>

NGX
11-Sep-2024 13:40:05.000

Breaking News! Unusual Volume Alert (11-Sep-2024 14:21:20.621)

INFOWARE TERMINAL
11-Sep-2024 14:21:20.000

Breaking News! Bulls Momentum Alert (11-Sep-2024 14:21:07.630)

INFOWARE TERMINAL
11-Sep-2024 14:21:07.000

Breaking News! Bears Momentum Alert (11-Sep-2024 14:21:06.969)

INFOWARE TERMINAL
11-Sep-2024 14:21:06.000

[XNSA]>> CORDROS MILESTONE FUNDS' BID & OFFER PRICES

NGX
11-Sep-2024 12:50:01.000

[MERVALUE]>> DAILY INDICATIVE PRICES

NGX
11-Sep-2024 12:50:00.000

[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES

NGX
11-Sep-2024 11:24:08.000
Get IDIA - the stock trading app for the modern investor
Company
Contacts
  • 8th Floor,
  • South Atlantic Petroleum Towers,
  • 1 Adeola Odeku Street,
  • Victoria Island,
  • Lagos, Nigeria.

  • Email: solutions@infowarelimited.com
Follow Us
 
facebook twitter skype youtube
Market data may be delayed up to 15 minutes