VFD Group reports N2.6tn profit after tax in Q1 2024

VFD Group Plc., a proprietary investment company in Nigeria, on Saturday announced its Q1 unaudited financial results for the year 2024, reporting ₦2,620 billion profit after tax.

According to the result published on the NGX portal, the company’s balance sheet improved in the period under review as total assets hit N261,908,692 billion, a growth of 9% per cent from N239,999,635 billion reported as of December 2023.

The company’s gross earnings also grew by 13.2% closing the year at ₦45,1billion, a significant increase from ₦34,025 billion in 2022, which indicates a top-line growth.