VFD Group Plc declares N750m loss in FY 2023

VFD Group Plc recently published its Audited Financial Statement for the year ended, 31 December 2023.

The Company Group reported Gross Earnings of N45.113 billion for the 12 months period, up by 32.59% from N34.025 billion the previous year.

Loss after tax of N750.4 million was declared for the year under review as against the profit after tax of N6.84 billion reported in FY 2022.

Earnings per share of the group for the year under review stands at negative N2.96.

At the share price of N202.9, the P/E ratio of VFD Group stands at negative 68.50x with earnings yield of negative 1.46%.

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