Haldane McCall Grows Profit by 164% in 2024
Haldane McCall Plc has reported 164% year on year increase in profitability as the company revenue surged. In an official statement on the Nigerian Exchange, the company’s reported about N680 million as profit while revenue printed at N3.42 billion.
Details obtained from its audited financial statement for 2024 revealed that revenue surged by 110% year on year from N1.738 billion.
Also, its costs of sales increased strongly in 2024 amidst inflation pressures and other macro uncertainties. Haldane’s costs of sales increased to N1.583 billion, 10% higher than N816.752 million used up in 2023.
Profit was 164% higher year on year to about N680 million, up from N256.958 million in the comparable period in 2023.
The company has the policy of declaring 30% of profit after tax as dividend. Data from the Nigerian Exchange showed that the company share price has gained about 10% intraday as investors reacted to goods earnings performance. #Haldane Grows Profit by 164% in 2024
