The after-tax profit of the Nigerian Exchange Group increased by 22% at the end of the 2021 financial year, the group announced on Friday in its audited results ended December 31, 2021.

Audited results revealed that its gross revenue increased by 13% to N6.8 billion from N6.0 billion; while its revenue increased by 14.9% from N5 billion in 2020 to N5.8 billion in 2021.

He also said that the group’s pre-tax profit increased by 25.4% to N2.4 billion, while its after-tax profit increased by 22.2% to N2.3 billion from 1 .84 billion naira recorded in the corresponding period of 2020.

According to the group, its revenue jump was driven by a 24.8% growth in registration fees, which rose to 757.4 million naira from 606.9 million naira in 2020; a 4.9% growth in its treasury investment income and a 2.1% growth in transaction fees, which increased to N2.9 billion from N2.8 billion recorded in 2020.

Further analysis of NGX Group’s results revealed that its return on equity rose 70 basis points to 6.6%, while its return on assets was 5.9%, up from 5. 2% recorded in 2020.

Commenting on the results, NGX Group Chairman Abimbola Ogunbanjo said, “We are pleased with the progress reported for fiscal year 2021 in the strategic, operational and financial aspects of the group’s business.

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