• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Neimeth Grows Sales By 86% In Q1

by Olushola Bello
2 months ago
in Business
Neimeth
Share on WhatsAppShare on FacebookShare on XTelegram

Neimeth International Pharmaceuticals Plc recorded a turnover growth of 86 per cent in the first quarter (Q1) ended March 31, 2025.

Advertisement

The interim report and accounts of Neimeth for the three-month period ended March 31, 2025 released at the Nigerian Exchange (NGX) showed that turnover rose by 86 per cent from N648.26 million in first quarter 2024 to N1.21 billion in first quarter 2025. Gross profit increased from N505.11 million to N639.72 million, a 27 per cent increase.

Operating profit doubled by 114 per cent from N210.14 million in first quarter 2024 to N449.87 million in first quarter 2025. Profit after tax rose from N77.65 million to N115.76 million, representing a 49 per cent increase. Earnings per share thus improved from two kobo to three kobo.

The balance sheet of the Company also improved considerably with total assets rising from N11.99 billion by December 31, 2024 to N12.41 billion by March 2025. Shareholders’ funds rose from N1.65 billion in December 2024 to N1.77 billion by March 2025.

Managing director/CEO, Neimeth International Pharmaceuticals, Pharm. Valentine Okelu, said the first quarter results showed the continuing growth in the company’s business amidst ongoing strategic initiatives aimed at boosting sales and cutting costs.

RELATED

Experts Laud CG As Customs Grants 90-day Window To Regularise Imported Vehicles Duty

Customs Grants 223 Importers 21-day Ultimatum Over N379.6bn Duty Violations

5 hours ago
Nigeria, UK Strengthen Relations On Trade, Standards

Nigeria, UK Strengthen Relations On Trade, Standards

5 hours ago

He said the Company remains focused on implementing its five-year strategic plan, which is aimed to consolidate the Company’s operations as a dominant brand out of Africa.

“We remain focused on our 2025-2029 strategic growth plan. The first quarter 2025 results lay out our path towards substantial growth in revenue and profit.

“We will pursue these strategic goals with vigour, building strong partnerships and leveraging market opportunities to drive sustainable expansion,” Okelu said.

He assured that the Company is making concerted efforts to create value for its shareholders, stakeholders, and the broader healthcare industry.

Earlier in the year, Okelu had unfolded the Company’s five-year growth plan aimed at boosting sales and reducing cost.

“Our emphasis on cost efficiency and effective route-to-market strategies has resulted in all-round operational enhancements,” Okelu said.

He said the Company is aggressively restructuring its foreign currency-denominated loans, converting them into naira to shield it from further forex volatility.

He explained that the Company is actively pursuing market expansion as a crucial component of its diversification strategy with a view to reinforcing resilience and long-term sustainability.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Neimeth International Pharmaceuticals Plc
SendShareTweetShare
Previous Post

Zeenab Foods Redeems N3.43bn Commercial Paper Issuance

Next Post

Port Efficiency: APM Terminals Completes Apapa Port Quay Apron Repair

Olushola Bello

Olushola Bello

You May Like

Experts Laud CG As Customs Grants 90-day Window To Regularise Imported Vehicles Duty
Business

Customs Grants 223 Importers 21-day Ultimatum Over N379.6bn Duty Violations

2025/07/26
Nigeria, UK Strengthen Relations On Trade, Standards
Business

Nigeria, UK Strengthen Relations On Trade, Standards

2025/07/26
Transcorp Hotels Appoints Osakwe As Non-executive Director
Business

Transcorp Hotels Posts N12.228bn Pre-tax Profit, To Pay N1.02bn Interim Dividend

2025/07/26
Neimeth
Business

Fintech Experts Create Platform To Connect Startups With Investors

2025/07/26
NLNG Ties 2023 Science Quiz Competition To Net Zero Emission
Business

The NLNG Prize For Literature 2025 Offers $100,000 To Winner

2025/07/26
18 Months After Tinubu’s Assent…27 States Yet To Implement New Electricity Act
Business

Oyo Power Supply Get Boost With FG’s 132/33kv Mobile Substation

2025/07/26
Leadership Conference advertisement

LATEST

Ojulari’s First 100 Days at NNPC Ltd: A Bold Start Anchored On Reform, Transparency, And Clean Energy

Equipping Marketers, Entrepreneurs For Strategic Growth

JosPlay Launches ‘Rise Fund’ To Empower Independent African Artistes

Terror In Taxis: Abuja Gangs Abduct, Rape, Kill Innocent Women

Fashion-Focused African Awards Fuel Cultural Pride, Economic Growth – Amafibe

Profiting From Facility Management Business

Falcons Face Morocco In Women AFCON Final, Eye $1m Prize Money

Pensive Pitch: Nigerian Football Community Mourns Four Unburied Heroes

Sweet But Dangerous: How Sugar May Be Killing Your Sex Drive

I Started Acting Before Pete Edochie, Yemi Solade Challenges Industry’s Origin Story

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.