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VFD Group posts twofold jump in half - year profit amid higher investment income

World 2 sources 2 countries 🔦 Under-reported 34m ago

VFD Group, a Nigerian financial services firm, reported a twofold increase in profit for the first half of the year. The growth was primarily driven by a significant rise in investment income, which grew by 102.8 percent compared to the same period last year.

Total revenue for the period reached N53.7 billion, up from N41.2 billion reported a year ago. This performance reflects the company's strengthened financial position and the impact of its investment strategies on its overall earnings.

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