Haldane McCall Plc has announced its audited financial statement for the full year ended December 31, 2024, revealing a remarkable 168% increase in profit before tax to N1.01 billion. This significant growth was driven by a substantial increase in revenue and the company's strategic divestment from non-core businesses.
Key Highlights:
- 168% increase in profit before tax to N1.01 billion in FY 2024
- 164% surge in profit after tax to N679.6 million
- 109% increase in revenue to N3.64 billion, driven by N2.68 billion sale of land and building
- Sale of land and building contributed 73.6% of the company's overall revenue in 2024
- 22.8% increase in total assets to N21.99 billion
The company's impressive financial performance was largely driven by its successful sale of land and building, which accounted for 73.6% of its total revenue in 2024. Haldane McCall Plc's strategic divestment from non-core businesses also generated N20.82 million in revenue, contributing to the company's overall growth. With a significant increase in total assets, the company is well-positioned for future growth and expansion.
How well do narratives help inform your perspective?
