• Companies
  • Updated: November 01, 2023

Fidson Healthcare Plc Records N1.18 Billion Profit

 Fidson Healthcare Plc Records N1.18 Billion Profit

Fidson Healthcare Plc reported its 2023 third-quarter results showing a profit before tax of  N1.18 billion, indicating a 8.5 per cent increase.

The group posted a revenue of N14.79 billion in Q3 2023, representing a 33.9 per cent year-on-year growth from the same period in 2022. This modified the group’s nine months of revenue to N40.37 billion, a 28.5 per cent  year-on-year growth from the same period in 2022.  

During the period under review,cost of sales grew by 60.2 per cent to N10.29 billion, gross profit also grew to N4.50 billion billion representing a 2.7 per cent decrease

​​​​For the third quarter, Fidson Plc also recorded operating profit of N1.80 billion, indicating 12.9 per cent increase. 

Nefinance cost rose to N575.16 million, which is also a 23.0 per cent increase, profit for the period increased to N799.9 million, reflecting a 8.5 per cent increase, while cash and cash equivalents grew to N3.11 billion

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