ABC Transport Plc made a strong recovery in 2024, posting a pre-tax profit of N918.4 million, compared to a loss of N368.6 million in 2023, as revenue increased across all business segments.
The group’s gross profit rose to N2.87 billion, up 72.5% from N1.6 billion in the previous year, despite a 70.2% increase in costs.
This improvement was driven by a 70.7% surge in revenue, which reached N12.5 billion, strong enough to offset rising expenses and boost gross profit.
