Eunisell Interlinked Plc Records Over 160% Increase in Revenue
Eunisell Interlinked Plc Records Over 160% Increase in Revenue
The Chief Executive Officer (CEO) of
Eunisell Interlinked Plc., Chris Okoro has announced a 160% revenue increase in the company’s 2024 fiscal year which ended in june, a few months ago.
In its recently filed audited financial statement with the Nigeria Exchange Limited, Okoro revealed that the revenue of the company which provides electrical equipment and electronic solutions rose from N722 million to N277 million during the year under review.
He noted that the company’s profit after tax rose by 1,000% jumping from N8.8 million in 2023 to N100 million as reported in June 2024.
“The strong performance in revenue generation and net income for the fiscal year was achieved through Innovations such as customer-focused service improvement and effective execution of our core activities,” stated Okoro.
“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. He said that the company intends to broaden its customer base and enhance its technology investments in the coming year.
Eunisell Interlinked Plc., which offers high-quality integrated engineering and technology systems to clients in the oil & gas, industrial, infrastructure, and power sectors, also recorded exceptional results across various key performance indicators.
In 2024, profitability margins demonstrated significant growth, with the Net Profit Margin rising to 13.85% from 3.19% in the 2023 financial year. Furthermore, the Return on Capital Employed (ROCE) increased to 44.24 percent, up from 4.66 percent reported in the previous year. The company’s liquidity position remained robust, with Current Assets approximately double the Current Liabilities.
Earnings per share also rose in the 2024 fiscal year, climbing to 42.28 (kobo) from 3.74 (kobo) reported in 2023.
