Nigerian Exchange Group Plc Posts Revenue Growth To N6.8 Billion

……As it releases audited results for the full year ended 31 December 2021.

The Group’s audited results revealed that its gross earnings grew to N6.8 billion from N6.0 billion, resulting in a 13 per cent increase.

Revenue rose by 14.9 percent from N5 billion recorded in 2020 to N5.8 billion in 2021.

Also, the group’s profit before tax increased by 25.4 per cent to N2.4 billion while its profit after tax rose by 22.2 per cent to N2.3 billion from N1.84 billion recorded in the corresponding period of 2020.

According to the Group, the jump in its revenue was driven by a 24.8 per cent growth in listing fees, which grew to N757.4 million as against N606.9 million in 2020, 4.9 per cent growth in its treasury investment income and a 2.1 per cent growth in transaction fee, which rose to N2.9 billion from N2.8 billion recorded in 2020.

Further analysis of the NGX Group’s result revealed that its return on equity grew by 70 basis points to 6.6 per cent while its return on assets stood at 5.9 per cent from 5.2 per cent recorded in 2020.

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