The company, in a statement, said that its Q1 2024 unaudited financial statements for the period ended
It said its total assets grew to N276.2bn in Q1 2024, up from N223.3bn in Q4 2023.
It noted that its strong performance was further demonstration of the company's strategic focus and effective execution as part of the
Commenting on the financial highlights, Evans Okpogoro, the Chief Financial Officer, said, "The Q1 2024 results saw a gross margin of 51 per cent, a cost to income ratio of 70 per cent and net profit margin of 30 per cent compared to Q1 2023 gross margin of 37 per cent, cost to income ratio of 87 per cent and net profit margin of 13 per cent."
Okpogoro said this highlights the remarkable operational efficiency gains of the Company.
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On his part, the MD/CEO of
He said, "Our ability to sustain growth amid this environment shows the resilience of our business model and the efficient execution of our strategic initiatives.
"We remain committed to leveraging our strengths to capitalise on emerging opportunities, drive sustainable growth and provide superior value to all our stakeholders. We will continue to prioritise ingenuity, operational excellence, corporate governance and stakeholder engagement to deliver superior value for our long-term growth."
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