{
  "id": 17700222,
  "title": "VFD Group nine-month profit jumps 96% to N13bn",
  "url": "https://urgent.news/2026/11/01/vfd-group-nine-month-profit-jumps-96-to-n13bn",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T23:30:51.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/vfd-group-nine-month-profit-jumps-96-to-n13bn/"
  },
  "original_language": "en",
  "account": "VFD Group Plc has announced a remarkable 96% increase in profit after tax for the nine months ending September 30, 2026, to N13 billion, up from N6.63 billion in the same period of the previous year. The group's unaudited financial results, approved by its Board of Directors, show a 92% rise in profit before tax to N15.34 billion, alongside a 35% increase in gross earnings to N81.88 billion. This strong financial performance can be attributed to growth in investment activities, improved operating efficiency, and the expansion of the financial asset portfolio.",
  "summary": "VFD Group Plc has reported a 96 per cent year-on-year increase in profit after tax to N13.00bn for the nine months ended 30 September 2026, up from N6.63bn recorded in the corresponding period of 2025. According to the group’s unaudited financial results approved by its Board of Directors, profit before tax rose 92 per cent Read More:…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}