Profit after tax - Intelpoint

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Cadbury Nigeria Plc recorded losses in 2023 and 2024 despite a 265% growth rate in revenue from 2020 to 2024

Key takeaways:

Revenue grew impressively from ₦27.8 billion in 2015 to ₦129.2 billion in 2024, a 364% increase.
The company recorded profitable years between 2017 and 2022, peaking at ₦1.15 billion profit in 2015.
From 2015 to 2019, the company maintained consistent single-digit growth, averaging 9% each year.
The revenue more than tripled between 2020 and 2024, reaching ₦129 billion in 2024.
Losses were recorded in 2016, 2023, and 2024.
Despite revenue more than doubling between 2022 and 2024, profitability reduced dramatically.

In 2024, Transcorp Hotels Plc's revenue and profit grew by 69% and 138%, respectively, from a period of significant losses in 2020

Key takeaways:

Revenue grew by 402% over a decade, from ₦14 billion in 2015 to ₦70 billion in 2024.
The company witnessed an extraordinary post-pandemic recovery, with 111% revenue growth in 2021.
There was a consistent strong performance from 2021-2024, with revenue more than tripling.
Transcorp Hotels recorded a profit of ₦14.9 billion in 2024, representing a 326% increase from 2015.
Despite setbacks, Transcorp Hotels’ performance improved notably from 2021 onward, marking strong growth.

Oando Plc achieved a revenue increase of 412% between 2021 and 2024, while profits declined by 181% from 2022 to 2024, despite a positive profit after tax in 2024

Key takeaways:

Despite a profit after tax record of ₦65.5 billion in 2024, Oando Plc recorded a negative growth rate from 2015.
The company faced significant profit losses for several years, with notable improvements in 2021 and 2024.
Profit after tax fluctuated, with a notable improvement in 2024, reaching ₦65.49 million.
The year-on-year growth rate of 148% in 2022 indicates great market positioning.
From ₦477.1 billion in 2020 to ₦4.1 trillion in 2024, Oando Plc's revenues increased by 764%.

Okomu Oil Palm Company experienced a revenue increase of 73%, with profits rising by 62% in 2024 compared to the prior year

Key Takeaways:

Okomu Oil Palm Company's revenue expanded by 1,236%, from ₦9.74 billion in 2015 to ₦130.06 billion in 2024.
Profit after tax saw a substantial increase of 1,189%, from ₦2.66 billion in 2015 to ₦34.27 billion in 2024.
The most significant profit growth took place between 2021 and 2024, with profit almost tripling during this timeframe.
Although there have been some variations in profit margins, the company has consistently realised growth annually.
The figures for revenue and profit reached their peak in 2024.
The disparity between revenue and profit after tax in 2024 is significantly greater than in earlier years.

Seplat Energy's revenue surged by 137%, with profits increasing by 163% in 2024 compared to 2023

Key takeaways:

Seplat’s revenue steadily increased from ₦112.97 billion in 2015 to ₦1.65 trillion in 2024.
The difference between revenue and profit after tax in 2024 is notably broader than in previous years.
Profitability varied over the years, with losses recorded in 2016 and 2020 but consistent recoveries during other periods.
The year 2024 saw the company's peak revenue (₦1.65 trillion) and profit (₦214.25 billion).

GTCO grows profit by over 3x in H1 2024, leading Nigerian banks with a 223% surge

Data from 11 Nigerian banks in H1 2024 reveals that 10 of them experienced profit growth, showcasing resilience in the sector. Leading the way is GTCO with a remarkable ₦905.6 billion profit, representing a 223% YoY increase. Zenith Bank follows closely with ₦578 billion, reflecting 98% growth. Jaiz Bank, while having the smallest profit at ₦11.28 billion, posted a strong 199% rise. UBA saw a decline, with its profit being 16% lower than in H1 2023.

MTN Nigeria recorded its first loss in 2023 since its Initial Public Offering

MTN Nigeria recorded its first loss in 2023 because of a loss of forex. The naira recorded a massive loss to the US dollar in the second half of 2023, with a 95% drop. The company's revenue jumped from ₦1.04 trillion in 2018 to ₦2.47 trillion. While its profit after tax grew alongside the revenue from 2018 to 2022, it dropped from ₦349b to a ₦137b loss in 2023.