First Holdco generates N663bn profit for 2024

 First Holdco Plc has generated N663.49 billion profit after tax for the year ended Dec. 31, 2024.

This is a 115.12 per cent increase from N308.43 billion recorded in 2023.

The group disclosed this through a corporate disclosure released through the Nigerian Exchange Ltd.

The company also reported a pre-tax profit of N781.88 billion, representing a 124.77 per cent year-on-year increase when compared to N347.87 billion recorded in 2023.

The group’s gross earnings also rose by 105.71 per cent with N3.21 trillion in 2024 and N1.56 trillion in 2023.

A dividend of 60 kobo per ordinary share of 50 kobo each, amounting to N25.13 billion was recommended.

This is up from N14.36 billion distributed in 2023.