Diversified Financials Nigerian Community

eTranzact International Plc has announced a remarkable pre-tax profit of N5 billion for the year ended December 31, 2024, marking a 53.2% year-on-year growth. This impressive performance highlights the company's accelerating profitability and strategic expansion in the fintech sector.

VFD Microfinance Bank has reported a significant turnaround in its financial performance, returning to profitability in the 2024 financial year with a profit after tax of N366.6 million. This marks a substantial improvement from the N333 million loss recorded in the previous year.

Abbey Mortgage Bank Plc has announced a 23% increase in profit after tax (PAT) to N1.07 billion for the year ended December 31, 2024. Key Highlights: - Interest Income: 66% surge to N11.95 billion, driven by increased lending activities.

Africa Prudential Plc has announced its 2024 financial results, reporting a significant increase in profit before tax (PBT) and profit after tax (PAT). Key Highlights: - PBT increased by 95% to N2.81 billion in 2024 - PAT grew by 88% to N1.81 billion - Gross revenue rose by 31.5% to N5.19 billion - Total dividend payout increased by 67% to 75 kobo per share - Total assets expanded by 52% to N34.84 billion.

United Capital Plc (UCAP) has announced a remarkable 111.03% increase in Profit After Tax (PAT) to N24.10 billion in 2024, more than doubling its PAT from N11.42 billion in 2023. Key Highlights: - Total dividend payout of N2.40k per share in 2024, representing a 44% increase from the previous year - Introduction of an inaugural interim dividend of 90 Kobo per share - 2-for-1 bonus share issuance, increasing the total number of outstanding shares from 6 billion to 18 billion - Total assets rose by 83% year-on-year to N1.70 trillion, while shareholders' funds grew by 47% year-on-year to N133.50 billion Leadership Comments: Prof.

Nigerian Exchange Group Plc (NGX Group) has announced its audited financial results for the year ended December 31, 2024, achieving a remarkable 157.3% year-on-year growth in profit before tax (PBT) to N13.6 billion. Key Point: NGX Group's impressive financial performance was driven by robust revenue expansion, strategic cost optimization, and increased market participation, demonstrating the group's resilience and financial strength.