Total assets climbed to N1.39 trillion, up 26 per cent on 2024, driven by growth in current assets, including cash and receivables, as well as strategic reinvestment of earnings.
The investment is expected to accelerate growth in the company’s rice business and increase rice’s contribution to revenue.
The 40TPH feed mill factory, once completed, is projected to significantly expand domestic feed production capacity.
The company’s unaudited results released to the Nigerian Exchange Ltd. (NGX) show gross profit climbed 56 %, while profit before tax surged 101 %.
Rabiu attributed much of the inflationary pressure to speculative hoarding of commodities like paddy rice during harvest season