Profit before tax - Intelpoint

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After the drop in 2020 due to COVID-19, Oando Plc's profit before tax has surpassed pre-COVID-19 levels

Key Takeaways:

Despite recent gains, Oando Plc's earnings before tax have declined by 222% over the past decade.
Major losses occurred in 2019 and 2020, with a rebound in 2021 and 2023.
The company demonstrated remarkable resilience by recovering to ₦103 billion profit in 2023.
The earnings before tax in 2024 fell by 54% from 2023.
The year-on-year growth rate from 2015 to 2024 was shown to be negative despite recording ₦47.8 billion in 2024, as against -₦39.1 billion in 2015.

From the decline in Q3 2023 until the peak in Q3 2024, BUA Foods Plc experienced an impressive growth rate of 3,783%

Key takeaways:

BUA Foods saw a significant profit increase between Q1 2021 and Q4 2024, with notable highs in 2024.
In Q3 2023, there was a drastic drop in profits, which was subsequently followed by a robust recovery.
The highest profit before tax was recorded in Q3 2024 at ₦78.47 billion.
Quarterly profits varied, ranging from as low as ₦2.02 billion to as high as ₦78.47 billion.
A significant turning point occurred in 2024, with quarterly profits consistently surpassing ₦60 billion.

MTN Nigeria's profits plunged in Q2 and Q3 2023, contrasting with prior strong performances

In Q2 2023, MTN Nigeria made 71% less profit than it did in Q1 2023, with PBT dropping from ₦156b to ₦45b. It then declined further by 28% to ₦32 billion in Q3. Here are the telco's profits before tax since Q1 2019.