Financials & Economy

Revenue surged by 61% to NN294.885 billion (US$183M), compared to N183.484 billion (US$114M) in Q1 2024.

In the same period last year, the company reported a net income of $20.4 million, which amounted to 92 cents per share of common stock.

The company is expanding its distribution network and tailoring strategies to maximize value in various markets.

Executives in the snacking industry have expressed a bleak outlook, showing little hope for improvement in the near future.

This market is experiencing significant growth due to evolving consumer preferences for convenient, flavourful, and healthier snack options.