Juli Plc has made a remarkable turnaround, recording a profit after tax (PAT) of N35.58 million for the financial year ended December 31, 2024. This achievement marks a significant recovery from the N75,739 loss reported in 2023.
Key Highlights:
- Revenue Growth: 65.7% increase in revenue to N478.41 million in 2024, up from N288.78 million in the previous year.
- Gross Profit: N159.35 million, reflecting improved operational performance.
- Cost Containment: The company's ability to contain costs within revenue growth contributed to its positive bottom line.
- Improved Capital Structure: Share capital increased from N100 million to N274.99 million, with a share premium of N524.99 million introduced.
- Reduced Liabilities: Total liabilities decreased from N909.93 million in 2023 to N217.52 million in 2024.
- Equity Position: The company's equity position improved, with a reduction in accumulated losses from N747.63 million in 2023 to a deficit of N12.07 million in 2024.
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