Fidson Healthcare has reported a profit of N5.78 billion for the financial year ended 31 December 2024.
This marks a 59 per cent increase from its 2023 profit of N3.607 billion.
|
|
The company made the announcement on Tuesday through a corporate disclosure on the Nigerian Exchange Ltd.
In addition to the profit growth, Fidson’s revenue also surged by 59 per cent, rising from N53.050 billion in 2023 to N84.189 billion in 2024.
|
|
|
|---|
The company’s share capital remained unchanged at 1.147 billion for both 2023 and 2024.
Fidson’s shareholders’ funds increased by 23 per cent, growing from N19.293 billion in 2023 to N23.726 billion in 2024.
ALSO READ: Fidson, Meyer, Red Star Express top stock pick this week
The company also saw a 33 per cent rise in retained earnings, which grew from N13.313 billion in 2023 to N17.744 billion in 2024.
Stay Ahead with Premium Times
Follow us on Google News and never miss breaking stories, investigations, and in-depth reporting.
Add as a preferred source on Google
Furthermore, Fidson’s workforce increased from about 1,387 in 2023 to approximately 1,423 in 2024, representing a 2.6 percent increase year on year. The company’s current workforce comprises about 1,523 professionals, including more than 250 professional pharmacists, said Temitope Akindele, the firm’s corporate services manager.
“This makes us the largest employer of pharmacists in Nigeria outside the government,” the official said in an email to PREMIUM TIMES.
EDITOR’S NOTE: This post has been updated to reflect the clarification provided by Fidson that its workforce grew by 2.6 percent and not four (4) percent.
(NAN)
Discover more from Premium Times Nigeria
Subscribe to get the latest posts sent to your email.
More News
![Former President Olusegun Obasanjo speaking at a function in Lagos [PHOTO: NAN]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2023/09/Collage-Maker-01-Nov-2022-07.51-PM.jpg?fit=2160%2C1441&ssl=1)
