While profit after tax remains a headline indicator of financial performance, it does not provide the full picture of a company’s profitability. Return on Equity (RoE) offers a deeper insight, measuring how effectively a company utilises shareholders’ equity to generate earnings. In this report, BusinessDay evaluates the most profitable companies in Nigeria based on the Return on Equity metric. Okomu Oil Palm Plc – 85% In FY 2024, Okomu Oil had an RoE of 85 percent, making it by far the most profitable company in Niger
While profit after tax remains a headline indicator of financial performance, it does not provide the full picture of a company’s profitability. Return on Equity (RoE) offers a deeper insight, measuring how effectively a company utilises shareholders’ equity to generate earnings. In this report, BusinessDay evaluates the most profitable companies in Nigeria based on the Return on Equity metric. Okomu Oil Palm Plc – 85% In FY 2024, Okomu Oil had an RoE of 85 percent, making it by far the most profitable company in Niger