Category Archives: Agriculture
May
May
Feb
Analyst: Abigail Alabi* a.alabi@vetiva.com Target price: ₦250.97 Rating: SELL PRESCO recently released its unaudited FY’23 earnings, reporting a 133% y/y growth in PAT to ₦30.4 billion. Volume fuels PRESCO’s revenue growth In Q3’24, revenue growth of 20% y/y to ₦26 billion, was delivered through a combination of increased volume and higher pricing amidst strong demand....
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Jan
Analyst: Abigail Alabi* Target price: ₦256.95 Rating: SELL OKOMUOIL released its unaudited FY’23 earnings results, reporting a strong PAT growth of 22% y/y, which was bolstered by the surge in sales. OKOMUOIL rides export surge Amid the stable global CPO prices and strong local demand, revenue for the Q4’23 period increased by 58% y/y to ₦14...
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Dec
A thorny path to harvest The Nigerian agricultural sector has been grappling with legacy issues and declining productivity which were further worsened by ongoing geopolitical tensions. However, with strategic policy implementation and intra African trade opportunities, there is potential for growth. The realization of these prospects faces obstacles, particularly the lack of infrastructural development in...
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