Earnings of the 29 companies that have so far reported for the six months ended June 2023 amounted to US$2.1bn, down 32% on H1 2022.
H1 2023 vs H1 2022 US$ earnings by market
4 out of 7 markets in the report have H1 2023 earnings up from H1 2022:
- Zambia: US$47m up 128%
- BRVM – West Africa: US$221 up 20%
- Uganda: US$62m up 20%
- Tanzania: US$183m up 12%
- Kenya: US$338m down -7%
- Ghana: US$261m down -15%
- Nigeria: US$517m down -66%
Companies with the highest earnings increases:
Below are the companies in the report with positive earnings.
Please click on the company name for up to date share price information, market capitalisation and 52-week liquidity.
- Zanaco: US$47m up 128%
- National Salt: US$8m up 105.6%
- BUA Foods: US$124m up 31.3%
- BICI-CI: US$12m up 23.5%
- Stanbic Kenya: US$50m up 23.3%
- NMB Bank: US$109 up 21.8%
- StanChart Ghana: US$37 up 20.5%
- SONATEL: US$209m up 20.3%
- MTN Uganda: US$62m up 20.2%
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