Eunisell Interlinked Plc, an electrical and electronic solutions provider, has announced remarkable growth in key performance metrics for the fiscal year ending June 30, 2024.

In its audited financial statement filed with the Nigeria Exchange Limited, the company said it achieved a staggering 161 per cent increase in revenue, climbing to N722 million in 2024 from N277 million earned the previous year.

Profit after tax saw an astonishing rise, exceeding 1000 per cent, jumping from N8.8 million in 2023 to N100 million in 2024. Eunisell Interlinked also recorded exceptional results across other key performance indicators.

Profitability margins demonstrated significant growth, with the net profit margin rising to 13.85 per cent from 3.19 per cent in the 2023 financial year. Furthermore, the return on capital employed (ROCE) increased to 44.24 per cent, up from 4.66 per cent reported in the previous year. The company’s liquidity position remained robust, with current assets approximately doubling the current liabilities. Earnings per share (EPS) also saw substantial growth in the 2024 fiscal year, climbing to N42.28 from N3.74 reported in 2023.

“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,” stated the company’s CEO, Chris Okoro.

He added: “Some of the services include the development, installation, commissioning, sales, and marketing of high, medium, and low voltage electrical equipment and cables.”

He noted that this growth trajectory underscores the company’s commitment to quality and a customer-centric service approach. Adding that the company intends to broaden its customer base and enhance its technology investments in the coming year.