Nigeria Energy Sector Fund reports N381m profit growth
The Nigeria Energy Sector Fund has reported a 30.89% revenue growth to N444.58m for the financial year ended March 31, 2025, according to its results. Read More: https://punchng.com/nigeria-energy-sector-fund-reports-n381m-profit-growth/
The Nigeria Energy Sector Fund, overseen by SCM Capital Asset Management Limited, unveiled its audited financial report for the fiscal year concluding March 31, 2025, to the Nigerian Exchange. The fund demonstrated impressive financial performance, propelled by advantageous positions in oil and gas equities, an increase in fixed-income yields, and effective cost management.
For the 2025 financial year, the Fund experienced a total revenue growth of 30.89 percent, escalating to N444.58m from N339.66m recorded in the preceding year. This increase in top-line revenue was bolstered by a surge in trading income, which surged to N274.28m compared to N213.45m in 2024. Furthermore, the fund's interest income from call placements, treasury bills, and bonds contributed significantly to the revenue, amounting to N144.57m.
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