WATCH THE VIDEO HERE Shares of John Holt PLC have surged over 70% month-to-date, emerging as one of the top-performing stocks on the Nigerian Exchange as of the market close on November 11th, 2024, amid increased market activity. In its financial report covering October 2023 to September 2024, the company posted a pre-tax profit of N2.4 billion, a reversal from the pre-tax loss of N1 billion reported in the same period the previous year. Revenue also increased by 81.7% to N3.3 billion, up from N1.8 billion in the prior year, with most of it generated from technical products and leasing services. Following the release of the financial report on October 30, 2024, market activity surged, driving trading volumes up by as much as 190%. By November 11, 2024, the stock had risen over 70% month-to-date, with a cumulative market volume of 5.3 million shares traded. Revenue for the period rose by 81.7% year-over-year to N3.3 billion, compared to N1.8 billion in the previous year. The company achieved a pre-tax profit of N2.4 billion, marking a significant improvement from the pre-tax loss of N1 billion in the prior period. Cash and cash equivalents increased to N3.4 billion, compared to N1.9 billion in the same period last year.
John Holt PLC rises over 70% month-to-date amid market activity spike
