Firm reports 961% revenue surge amid economic challenges

Eunisell Interlinked Plc has reported a significant surge in revenue and profitability soaring by 961 per cent to ₦974 million, compared to ₦91 million recorded in 2023.

According to the financial statement filed with the Nigerian Exchange Limited, the company’s Profit Before Tax (PBT) saw a remarkable turnaround, reaching ₦267 million from a loss of ₦13 million in the second half of 2023.

Nigerian Exchange Limited noted that the uptrend signals a strong recovery for the company, which specialises in integrated engineering and technology solutions for the oil and gas, industrial, and power sectors.

“The net profit margin improved to 27 per cent reversing last year’s negative margin. Key financial indicators also showed robust performance, with Return on Capital Employed (ROCE) rising to 25 per cent from a negative position in the previous year. Earnings per share (EPS) climbed to ₦2.26, compared to a negative EPS in the corresponding period of 2023,” the statement said.

Commenting on the results, Chief Executive Officer, Eunisell Interlinked Plc, Chris Okoro, credited the company’s strategic focus on innovation, customer service, and cost management for the improved performance.

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