Nascon Declares 104% Increase in Profit, Proposes 600kobo Dividend
Naija News • 1h ago
Kayode Tokede
Nascon Allied Industries Plc has announced its 2025 audited result and accounts with N48.24 billion profit before tax, about 104 per cent increase over N23.65billion reported in 2024 financial year.
The company in the year under review saw its profit after tax at N33.53 billion, a significant increase of 115 per cent from N15.58billion in the corresponding period of 2024.
With the growth, ,the management proposed a dividend of 600kobo in 2025 (N16.2 billion ) as against 200 kobo (N5.4billion) paid to shareholders in 2024.
The impressive performance was driven by N152.7billion revenue in 2025, up by 27 per cent from N120.4billion reported in 2024 and finance costs that closed 2025 at N6.01 billion, about 235 per cent increase when compared to N1.79 billion reported in 2024...