Investment firm VFD Group, which focuses on growth-oriented companies rather than value companies in investing shareholders’ funds, was just a breath away from doubling its net profit for the first nine months of 2026, compared to a year ago, helped by strong growth across key income streams.
A jump in investment income, as well as in interest from placements and interest from debt instruments, helped drive gross earnings up by 34.8 per cent to N81.9 billion, its latest earnings report showed.
Net investment income climbed 58.8 per cent to N72.2 billion, further boosted by lower investment and similar expenses.
Compared to a year ago, net revenue substantially improved, rising by 42.1 per cent to N77.5 billion, even though the pace of growth was tempered by a slide in net gains on financial assets at fair value through profit or loss.
VFD Group invests the capital it pools together from various
This post was originally published on this site.
