By Our Reporter
Eunisell Interlinked Plc has reported a significant surge in revenue and profitability soaring by 961 per cent to N974 million, compared to N91 million recorded in 2023.
According to its financial statement filed with the Nigerian Exchange Limited (NGX), the company’s Profit Before Tax (PBT) saw a remarkable turnaround, reaching N267 million from a loss of N13 million in the second half of 2023.
NGX noted that the uptrend signals a strong recovery for the company, which specialises in integrated engineering and technology solutions for the oil and gas, industrial, and power sectors.
“The net profit margin improved to 27 per cent reversing last year’s negative margin. Key financial indicators also showed robust performance, with Return on Capital Employed (ROCE) rising to 25 per cent from a negative position in the previous year. Earnings per share (EPS) climbed to N2.26, compared to a negative EPS in the corresponding period of 2023″, the statement said.
Commenting on the results, Chief Executive Officer, Eunisell Interlinked Plc, Chris Okoro, credited the company’s strategic focus on innovation, customer service, and cost management for the improved performance.
“We are satisfied with the performance. The results reflect our efforts to manage costs and deliver value to our customers”, the Eunisell boss stated.