Pre-tax profit - Astudity Limited

Jennete Ugo Anya
March 31, 2025

Fidelity Bank Reports N385bn Pre-Tax Profit In 2024

Fidelity Bank Plc has reported a record-breaking pre-tax profit of N385.215 billion for the 2024 financial year, marking an extraordinary 210.01 percent year-on-year (YoY) growth. The latest audited financial statement, released on March 31, 2025, highlights the bank’s ability to sustain impressive earnings momentum, strengthen its asset base, and reward shareholders despite macroeconomic headwinds. The […]

Jennete Ugo Anya
February 5, 2025

Presco PLC Reports N128bn Full-Year Pre-Tax Profit

Presco PLC has announced a full-year pre-tax profit of N128 billion in its latest financial report, released on the Nigerian Exchange (NGX) on January 31, 2025. This marks a 156.05 percent increase compared to the N50 billion reported in 2023, with the fourth quarter (Q4) alone recording an impressive N60.9 billion—up 233.46 percent from the […]

Jennete Ugo Anya
February 3, 2025

Conoil Reports 12.45% Rise In Pre-Tax Profit In 2024

Conoil Plc has reported a solid performance in 2024, with pre-tax profit rising by 12.45 percent to N13.806 billion, supported by a 60.45 percent surge in revenue to N323.123 billion. The growth was primarily driven by the company’s white products, which contributed 96 percent of total revenue and grew by 62.42 percent year-over-year (YoY). However, […]

Jennete Ugo Anya
February 3, 2025

Sterling Holdings’ Pre-Tax Profit Soars By 97% In 2024

Sterling Financial Holdings Company Plc has reported an outstanding performance in 2024, with pre-tax profit surging by 97.21 percent to N44.753 billion, driven by a 67.09 percent increase in net interest income. This growth was primarily fuelled by higher interest income from loans and advances to customers, which accounted for 68 percent of total interest […]

Jennete Ugo Anya
January 31, 2025

Geregu Power Reports 69.5% Jump In Pre-Tax Profit

Geregu Power Plc has reported a remarkable 69.5 percent increase in pre-tax profit for the full year of 2024, reaching N41.2 billion. Profit after tax surged by 71 percent, totalling N27.4 billion. This marks the company’s fifth consecutive year of profitability, with total assets growing to N243.7 billion. The surge in profits was primarily driven […]

Jennete Ugo Anya
January 30, 2025

Aradel Reports ₦321.6bn Pre-Tax Profit, Up 187% Year-on-Year

Aradel Holdings Plc has posted a profit before tax of N321.6 billion for the year ended December 31, 2024, representing a 187 percent increase from the previous year. The company’s latest unaudited financial statements reveal that revenue surged by 162.74 percent, reaching N581.022 billion, a significant jump from the N221.142 billion recorded in 2023. This […]

Jennete Ugo Anya
September 4, 2024

Cutix PLC Reports Pre-Tax Profit Surge Of 330% In July 2024

Cutix PLC, a leading manufacturer of electric cables in Nigeria, has reported a pre-tax profit of N454.6 million in July, representing an astonishing 330 percent increase from the N105.8 million recorded in the corresponding period of 2023. This exceptional performance was driven by a significant rise in revenue, which surged by 63 percent year-over-year, reaching […]

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