SCOA Nigeria Plc has reported a pre-tax revenue of N374.3 million for the yr ended 31 December 2024, in response to its newest audited monetary assertion on the NGX.
This represents a considerable improve of 149.82% in comparison with the N149.8 million reported the earlier yr, pushed by elevated income.
Complete income for the yr reached N13.5 billion, a 30.21% improve from N10.3 billion within the prior yr.
- Tools gross sales contributed the bulk at N10.4 billion, whereas auto gross sales accounted for N3.1 billion.
Nevertheless, the price of gross sales rose sharply to N12.3 billion, marking a 35.14% improve from N9.1 billion the earlier yr.
Therefore, the group reported a gross revenue of N1.1 billion, down 5.36% from N1.2 billion recorded in 2023.
- Different revenue additionally decreased to N643.8 million from N757.8 million within the prior yr.
- Extra favourably, administrative bills have been decreased from N1.7 billion in 2023 to N1.4 billion in 2024.
- Consequently, revenue from core operations elevated to N377.2 million, reflecting a forty five.34% rise from N259.5 million.
Moreover, SCOA considerably lowered finance prices from N110.7 million to simply N4 million in 2024.
Key highlights (2024 vs 2023)
- Income: N13.5 billion, +30.21% YoY
- Price of gross sales: N12.3 billion, +35.14% YoY
- Gross revenue: N1.1 billion, -5.36% YoY
- Different revenue: N643.8 million, -15.05% YoY
- Administrative bills: N1.4 billion, -16.65% YoY
- Working revenue: N377.2 million, +45.34% YoY
- Pre-tax revenue: N374.3 million, +149.82%
As of the buying and selling day on eighth April 2025, SCOA is priced at N4.47, with a year-to-date efficiency of 116.99%.
In 2024, the inventory recorded a year-to-date efficiency of 4.04%.
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