National Economy
Saturday, August 30, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

CAP Reports N5.9bn Pre-tax Profit In 2024

by Olushola Bello
7 months ago
in News
Reading Time: 1 min read
CAP
Share on FacebookShare on TwitterShare on Telegram

You May Like

Police Arrest Suspected Cult Kingpin, 3 Vandals In Akwa Ibom Raids

Mixed Reactions Trail Federal Govt’s Passport Fee Hike

Chemical and Allied Products (CAP) Plc has reported profit before tax of N5.9 billion for the year ended December 31, 2024.
The company, in its unaudited results, showed that, profit before tax grew by 57 per cent from N3.8 billion in full year 2023 to N5.9 billion for the year 2024. Profit after tax rose by 58 per cent to N 3.963 billion as against N2.515 billion, while earnings per share stood at N4.86 from N3.09 as at December 2023.
Revenue also rose by 52 per cent to N36.4 billion higher than N 23.890 billion in full year 2023. Gross profit up by 64 per cent to N14.8 billion compared to N9.012 billion in 2023, while operating profit stood at N5.3 billion compared to N 3.253 billion in 2023.
The company’s total assets stood at N19.583 billion as against N15.374 billion in 2023, while total equity amounted to N10.670 billion from N7.970 billion in 2023.
Speaking on the results, managing director of CAP, Bolarin Okunowo stated, “We are delighted to announce our performance for Q4 2024, reflecting the resilience of our business model and our ability to thrive in a challenging operating environment.”
He explained that “revenue, operating profit, and profit before tax increased by 48 per cent, 57 per cent, and 40 per cent, respectively. These strong results were achieved because of the trust and commitment shown by our customers, trade partners and employees. As we look ahead to 2025, we remain focused on elevating the experiences of our customers and exceeding the expectations of all our stakeholders.”

Tags: Pre-tax
ShareTweetShare
Previous Post

Telecos Blame Economic Hiccups On 50% Tariff Hike

Next Post

CBN To Refund Bureaux De Change License Fee

ANOTHER GOOD READ

Manager, 2 Others Nabbed For Alleged Theft, Vandalism At Abia Firm
News

Police Arrest Suspected Cult Kingpin, 3 Vandals In Akwa Ibom Raids

21 hours ago
Mixed Reactions Trail Federal Govt’s Passport Fee Hike
News

Mixed Reactions Trail Federal Govt’s Passport Fee Hike

21 hours ago
Oyo Gov’t Denies False Pensioner Verification Notice
News

Oyo Gov’t Tackles APC Over N300bn ‘Fresh’ Loan Claim

21 hours ago
Global Airlines Group Pushes To Raise Pilot Retirement Age To 67
Aviation

Global Airlines Group Pushes To Raise Pilot Retirement Age To 67

2 days ago
Dangote Hails Tinubu Over NNPCL Leadership Choice
News

Dangote Signs $2.5bn Deal To Build Fertiliser Plant In Ethiopia

2 days ago
FG To Boost Agro-Value Chain For Women Farmers
News

FG To Boost Agro-Value Chain For Women Farmers

3 days ago
Next Post
‘eNaira Value Drops To N18.32bn In September 2024’

CBN To Refund Bureaux De Change License Fee

Most Recent

Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones

Federal Gov’t Unveils Boards Of South, West, North Dev’t Commissions

August 29, 2025
Manager, 2 Others Nabbed For Alleged Theft, Vandalism At Abia Firm

Police Arrest Suspected Cult Kingpin, 3 Vandals In Akwa Ibom Raids

August 29, 2025
‘How I Became Bank Manager At 27’ — Tony Elumelu

‘How I Became Bank Manager At 27’ — Tony Elumelu

August 29, 2025
Mixed Reactions Trail Federal Govt’s Passport Fee Hike

Mixed Reactions Trail Federal Govt’s Passport Fee Hike

August 29, 2025
Oyo Gov’t Denies False Pensioner Verification Notice

Oyo Gov’t Tackles APC Over N300bn ‘Fresh’ Loan Claim

August 29, 2025
US Says Nigeria’s N70,000 Minimum Wage Below Poverty Income Level

Passport Now Costs More Than Minimum Wage’, Obi Slams Federal Gov’t Over Fees Hike

August 29, 2025
Global Airlines Group Pushes To Raise Pilot Retirement Age To 67

Global Airlines Group Pushes To Raise Pilot Retirement Age To 67

August 28, 2025
Dangote Hails Tinubu Over NNPCL Leadership Choice

Dangote Signs $2.5bn Deal To Build Fertiliser Plant In Ethiopia

August 28, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy