VFD Group Targets N1.056 Profit for Q4
VFD Group Plc has revealed its expectation to deliver a profit after tax in the sum of N1.056 billion between October and December 2024, according to its regulatory filing.
The company expects to generate N16.124 billion as gross earnings for the last quarter of the financial year 2024. Net interest income is expected to contribute N4.68 billion to the top line in the last three months in 2024.
The company eyes N1.024 billion from other income sources in the same period. VFD projected its operating income to settle above N5.7 billion in the last lap of the year. Net operating income after net impairment charges of about N217 million is expected to print at N5.487 billion.
It booked N1.093 billion as personnel expenses for the final quarter of 2024 while total operating expenses of the group is expected to reach N3.979 billion.
Profit before tax is estimated to reach N1.508 billion, according to details from its earnings forecast. With more than N452 million estimated income tax expenses, VFD sees after tax profit settling at N1.056 billion in Q4. #VFD Group Targets N1.056 Profit for Q4 CBN Defends Naira with $39m in Forex Market
