Eunisell H2 profit hits N267m

Eunisell Interlinked Plc has reported a profit before tax of N267m for the six months ending December 31, 2024, marking a turnaround from a loss of N13m in the same period of 2023.

The disclosure was made in a statement on Monday, in which the company said revenue rose 961 per cent to N974m in H2 2024, compared to N91m recorded a year earlier.

According to the statement, net profit margin improved to 27%, reversing a negative margin from the previous year.

The company also noted that its Return on Capital Employed increased to 25 per cent, while Earnings Per Share stood at N2.26, up from a negative figure in the same period of 2023.

Eunisell Interlinked Plc, which provides engineering and technology solutions across Oil & Gas, Industrial, and Power sectors, attributed the improved financial performance to enhanced operational efficiency and strategic business decisions.

The company’s CEO, Chris Okoro, attributed the results to the company’s focus on innovation, customer service, and cost management.

“We are satisfied with the performance. The results reflect our efforts to manage costs and deliver value to our customers,” said Okoro.

He further stated that the company plans to expand its customer base and increase investment in technology during the coming fiscal year.

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