NASCON Allied Industries Plc started the year on a stronger note, achieving a significant turnaround in its three-month earnings with a 533 percent increase in after-tax profit. This impressive growth was driven by strategic cost optimisation, revenue expansion, and a decline in foreign exchange losses.
According to its unaudited financial statements for the period ended March 31, 2025, after-tax profit rose to N7.6 billion from N1.2 billion recorded in the same quarter last year.
Despite economic uncertainties, the Dangote subsidiary, specialising in edible salt and seasoning cubes production, reinforced investors’ confidence with a 477.8 percent surge in operating profit to N10.4 billion from N1.8 billion.