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Fidson Healthcare Plc records 30.28% increase in 2020 9M revenues

Adeyemi Adebayo by Adeyemi Adebayo
November 4, 2020
in Business News
Fidson Healthcare Plc,Fidson Healthcare Plc records 30.28% increase in 2020 9M revenues.
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Fidson Healthcare Plc – a leading pharmaceutical manufacturing company, reported revenues of N13.65 billion in 2020 9M, compared to N10.48 billion same period in 2019.

READ: Guinness Nigeria Plc: Increase in Nigeria sales boosts revenues

Key highlights for 2020 9M

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Ohara Pharmaceutical increases take in Fidson, Fidson and Ohara signs partnership, Fidson Healthcare Plc, Fidson list additional shares Fidson and GSK business partnership, Fidson Healthcare Plc records 202% increase in 2020 FY pre-tax profit, Fidson proposes N417 million as dividend for 2020

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Ohara Pharmaceutical increases take in Fidson, Fidson and Ohara signs partnership, Fidson Healthcare Plc, Fidson list additional shares Fidson and GSK business partnership, Fidson Healthcare Plc records 202% increase in 2020 FY pre-tax profit, Fidson proposes N417 million as dividend for 2020

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February 10, 2025
  • Revenues increased to N13.65 billion, +30.28% YoY.
  • Revenues from ethical drugs increased to N8.08 billion, +44.64% YoY.
  • Revenues from over the counter increased to N5.57 billion +13.95% YoY.
  • Other operating income increased to N210.07 million, +10.30% YoY.
  • Administrative expenses increased to N2.72 billion, +25.93% YoY.
  • Selling and distribution expenses increased to 1.86 billion, +75.13% YoY.
  • Finance cost decreased to N951.38 million, -31.56% YoY.
  • Pre-tax profits increased to N1.44 billion, +257.74% YoY.

(READ MORE: Fidson: Demand for Prescription drugs boost revenues)

READ: LAFARGE AFRICA PLC: Pre-Tax Profit grows on steep decline in finance cost

Bottom Line

Fidson Healthcare Plc recorded a major increase in its ethical drugs and over the counter revenue-generating units. The rise in revenues is understandable, considering the recent rise in revenues of pharmaceutical companies due to the COVID-19 pandemic. The company also increased significantly in the period, despite its rising expenses. This was partly aided by declined finance cost and increased other operating income.


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Tags: Fidson Healthcare Plc
Adeyemi Adebayo

Adeyemi Adebayo

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

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