Eunisell Interlinked Posts N267m Pre-tax Profit At Half-year

Eunisell Interlinked Plc, a provider of electrical and electronic solutions, has published its unaudited financial results for the six months ending December 31, 2024.

According to the report filed with the Nigerian Exchange Limited, the company’s revenue increased by 961 per cent from July to December 2024, rising to N974 million from N91 million in the same period in 2023.

Profit Before Tax (PBT) increased to N267 million, marking a significant recovery from a loss of N13 million in the second half of 2023. This improvement is part of a broader gain in profitability for Eunisell Interlinked Plc., a supplier of integrated engineering and technology solutions across sectors such as Oil and Gas, Industrial, and Power. The company also saw its net profit margin rise to 27 per cent, compared to a negative margin in the same period last year.

Key metrics include a Return on Capital Employed (ROCE) of 25 per cent, up from a negative position in the prior year, and earnings per share (EPS) of N2.26, compared to a negative figure in the same period of 2023.

The company’s CEO, Chris Okoro, attributed the results to the company’s focus on innovation, customer service, and cost management.

“We are satisfied with the performance. The results reflect our efforts to manage costs and deliver value to our customers,” said Okoro.

He further stated that the company plans to expand its customer base and increase investment in technology during the coming fiscal year.