VFD Group Plc, a proprietary investment company in Nigeria, recorded a 1,260 percent growth in after-tax profit for the year ended December 31, 2024, rebounding from a loss recorded in 2023.
According to the company’s audited financial statements, the company recorded an after-tax profit of N8.7 billion, more than double from a loss of N750 million in 2023 and the highest annual profit in the company’s history since listing on the Nigerian Exchange in 2022.
Gross earnings also surged 93.4 percent to N87.8 billion in 2024 from N45.4 billion recorded in 2023, driven by portfolio expansion, strategic investments, and operational efficiency.