Presco Plc (PRESCO) outperformed our expectation in H1'24, with its EPS of N38.88 (at 94.6% of our previous full-year estimate), necessitating a rejig of our projections.
The global economy is dynamic. Hence, investment strategy must evolve to keep pace and remain relevant.
Despite prevailing macroeconomic conditions, NESTLE grew revenue by 43.4% YoY in Q1'24. However, earnings were eroded by higher production costs and foreign exchange losses.
We adjust our FY'24 estimates for FBNH to reflect the impact of the elevated interest rate environment and potential improvements in cost-of-risk (CoR).
In its 9M'23/24 results, Guinness Nigeria Plc (GUINNESS) recorded a 27.2% YoY revenue growth and a pre-tax loss of N60.4 billion.
AIRTELAFRI's financial results for FY'23/24 showed a downturn in earnings, largely due to multi-currency weaknesses in some of its operational regions.
