Ellah Lakes

Ellah Lakes Plc has reported a loss of N396.6 million for the second quarter ended January 31, 2025, as the company grapples with rising administrative and personnel expenses. Key Point: Despite a modest improvement in revenue to N18.97 million, Ellah Lakes' financial performance was weighed down by significant increases in administrative costs and personnel expenses, resulting in a widening operating loss and eroding shareholder value.