John Holt Plc reported a steep second-quarter loss for the 2024/2025 financial year as dwindling revenue from its core leasing business and rising finance costs dragged the company into negative territory, deepening concerns over the sustainability of its operations.
This despite the firm posting a 140 percent growth in its after-tax profit in nine months of 2024 despite foreign exchange crisis that has continued to deplete business revenue.
According to its unaudited financials, the group recorded a loss after tax of N165 million for the six-month period ending March 31, 2025, compared to a N260 million profit recorded in the same period last year.
