May 6, 2025/United Capital Report
Aradel Holdings Plc’s Q1-2025 un audited financial results show a 97.6% increase in revenue to ₦199,867 from ₦101,165, primarily due to a 214.3% increase in gross profit to ₦78,889.
However, there was also a 103.0% decrease in other income to ₦614, and a 149.2% increase in administrative expenses to ₦15,944, resulting in a 55.3% loss after tax.
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