Eunisell Interlinked Plc, has announced a 161% increase in its revenue for the fiscal year ending June 30, 2024.
The provider of electrical and electronic solutions, in its recently filed audited financial statement with the Nigeria Exchange Limited, revealed that its revenue rose to N722 million in 2024 from N277 million in the previous year.
Profit after tax rose by 1,000%, jumping from N8.8 million in 2023 to N100 million reported in June 2024.
According to the company’s Chief Executive Officer, CEO, Chris Okoro, “The strong performance in revenue generation and net income for the fiscal year was achieved through innovative, customer-focused service delivery and the effective execution of our core activities,” .
According to him, “Some of the services include the development, installation, commissioning, sales, and marketing of high, medium, and low voltage electrical equipment and cables”.
Okoro noted that this growth trajectory, underscores it’s commitment to quality and a customer-centric service approach, stating that the company intends to broaden its customer base and enhance its technology investments in the coming year.
Eunisell Interlinked Plc, which offers high-quality integrated engineering and technology systems to clients in the oil and gas, industrial, infrastructure, and power sectors, also recorded exceptional results across various key performance indicators.
In 2024, profitability margins demonstrated significant growth, with the Net Profit Margin rising to 13.85% from 3.19% in the 2023 financial year. Furthermore, the Return on Capital Employed (ROCE) increased to 44.24 percent, up from 4.66 percent reported in the previous year.
The company’s liquidity position remained robust, with Current Assets approximately double the Current Liabilities. Earnings per share also rose in the 2024 fiscal year, climbing to N42.28 from N3.74 reported in 2023.
