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Nigerian Exchange Group Plc (NGX Group) has announced its audited financial results for the year ended December 31, 2024, achieving a remarkable 157.3% year-on-year growth in profit before tax (PBT) to N13.6 billion. Key Point: NGX Group's impressive financial performance was driven by robust revenue expansion, strategic cost optimization, and increased market participation, demonstrating the group's resilience and financial strength.

Ellah Lakes Plc has reported a loss of N396.6 million for the second quarter ended January 31, 2025, as the company grapples with rising administrative and personnel expenses. Key Point: Despite a modest improvement in revenue to N18.97 million, Ellah Lakes' financial performance was weighed down by significant increases in administrative costs and personnel expenses, resulting in a widening operating loss and eroding shareholder value.

Dangote Cement Plc has announced a revenue of N3.58 trillion for the financial year ended December 31, 2024, representing a 62% increase from N2.21 trillion recorded in 2023. Key Point: Despite significant increases in cost of sales, administrative expenses, and finance costs, Dangote Cement's profit after tax grew by 10.5% to N503.25 billion, driven by strong revenue growth and improved operational efficiency.

BUA Cement Plc has announced a profit after tax of N73.91 billion for the financial year ended December 31, 2024, representing a 6.4% increase from the N69.45 billion recorded in 2023. Key Point: Despite a significant surge in revenue to N876.47 billion, up 90.5% from the previous year, BUA Cement's profit growth was moderated by a sharp rise in costs, particularly foreign exchange losses and finance costs.

RIO strategy At a high level, RIO’s growth strategy is to diversify away from Iron ore into in-demand commodities. Specifically, copper, aluminum and lithium.

-Excesses & Corrections: AMD & its competitors are hyper-focused on their strategies to transform the world with Artificial Intelligence while the world economy is continuing to recover from 2020's pandemic. While there's been improvements towards A.I. capability, there's also been stuggles with some reputible semiconductor companies' ability to deplete their inventory.

The CFO on the latest conference call: "Through December 31, we've generated approximately $150 million of cash through dispositions and sale of other assets with line of sight to additional transactions. As a reminder, these proceeds are not included in our reported free cash flow.

PZ Cussons Nigeria PLC's shares have experienced a significant surge of over 24% in February 2025, climbing from N23 to N29, as the company works to recover from a decline in 2024. Key Point: The company's decision to convert $34.26 million of its outstanding loan into equity is expected to reduce debt and strengthen its balance sheet, contributing to the recent surge in its share price.

China Automotive Systems, Inc. (CAAS) has announced that its subsidiary, Shashi Jiulong Power Steering Gears Co., Ltd, has received prestigious awards from two major vehicle OEM customers, Beiqi Foton Motor Co., Ltd.