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Profit - Page 6

MeCure’s Debt Burden Reduces Profit To N812m

In the first quarter (Q1) of 2025, MeCure Industries generated N13.29 billion, compared to the N8.07 billion turnover recorded in the corresponding period in 2024, representing an increase of 64.53 percent. According to the company’s Q1 financial report for the period ended

July 21, 2025

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Heirs Insurance Grows Revenue To N14.32bn

Heirs Insurance has disclosed that it recorded N14.32 billion revenue in 2024, surpassing the N12.05 billion generated in 2023, representing an increase of 18.78 percent. The insurer reported that insurance service expenses gulped N11.76 billion in full year (FY) 2024, more than

July 17, 2025

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LivingTrust Mortgage Bank Posts N1.79bn Revenue In Q2, Profit Up 65%

LivingTrust Mortgage Bank has released its second quarter (Q2) financial statements for 2025, which show that the company recorded gross earnings of N1.79 billion, exceeding the N890.41 million reported in Q2 2024. While the gross earnings increased by 101.13 percent, the company’s

July 15, 2025

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Grand Towers Grows Revenue To N530m, Net Income Rises 320%

Grand Towers, the parent company of Grand Towers Hospitality Ltd and Grand Towers Leisure Ltd, generated N530.66 million in revenue in 2024, surpassing the N161.95 million reported in 2023. The 227.66 percent increase in its turnover was driven by the dividends received

July 14, 2025

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Jaiz Bank Ends Q1 2025 With N1.10trn Total Assets, Profit Rises 17%

Jaiz Bank has reported N21.69 billion as revenue generated in the first quarter (Q1) of 2025, surpassing the N17.41 billion turnover recorded in the same period in 2024, representing an increase of 24.56 percent. The bank, in its financial statements for the

July 11, 2025

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Guinness Exits Loss Phase With N7.02bn Profit, Revenue Grows By 52%

Guinness Nigeria has revealed that it recorded N118.33 billion revenue for the quarter ended March 31, 2025, compared to N77.70 billion turnover reported in the same period last year, indicating an increase of 52.28 percent. The company’s cost of sales also increased

July 9, 2025

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Cutix Grows Revenue To N3.96bn, Profit Declines By 60%

Cutix Plc, a wire and cable manufacturer for electrical, automobile, and telecommunication, generated N3.96 billion turnover in the fourth quarter (Q4) ending April 30, 2025. According to its unaudited financial statement for the Q4 period ended April 30, 205, the company’s revenue

July 8, 2025

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Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

Sunu Assurances’ revenue jumped 34.66 percent to N5.28 billion in the first quarter (Q1) of 2025, surpassing the N3.92 billion generated in the corresponding period in 2024. The company’s financial statement for Q1 2025 also showed that Sunu Assurances’ insurance service expenses

July 4, 2025

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Costs Gulp 46% Of Neimeth’s Turnover As Expenses Rise By 296%

Over N1.20 billion was recorded as revenue by Neimeth International Pharmaceuticals Plc in the first quarter (Q1) of 2025, exceeding the N648.25 million turnover reported in Q1 2024, reflecting an increase of 86 percent. However, the cost of sales increased threefold or

July 3, 2025

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56% Increase In Income Tax Eats Into NEM Insurance’s Profit Of N14.85bn

NEM Insurance reported its revenue for the first quarter (Q1) of 2025 was N46.05 billion, surpassing the N29.03 billion generated in Q1 2024, indicating an increase of 58.63 percent. However, the increase was overshadowed by the 61.65 percent recorded in insurance service

June 30, 2025

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Profit - Page 6

MeCure’s Debt Burden Reduces Profit To N812m

Heirs Insurance Grows Revenue To N14.32bn

LivingTrust Mortgage Bank Posts N1.79bn Revenue In Q2, Profit Up 65%

Grand Towers Grows Revenue To N530m, Net Income Rises 320%

Jaiz Bank Ends Q1 2025 With N1.10trn Total Assets, Profit Rises 17%

Guinness Exits Loss Phase With N7.02bn Profit, Revenue Grows By 52%

Cutix Grows Revenue To N3.96bn, Profit Declines By 60%

Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

Costs Gulp 46% Of Neimeth’s Turnover As Expenses Rise By 296%

56% Increase In Income Tax Eats Into NEM Insurance’s Profit Of N14.85bn

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