Chapel Hill Denham Advisory Limited or “CHAPS”, the investment banking subsidiary of Chapel Hill Denham, has delivered strong earnings that indicates the company is poised to maximise shareholders’ value.
For the year ended December 2024, CHAPS profit after tax (PAT) surged by 128 percent to N5.13 billion from N2.25 billion as at December 2023.
Profit before tax (PBT) followed the same growth trajectory as it spiked by 194.46 percent to N7.45 billion in December 2024 from N2.53 billion as at December 2023.
Revenue surged by 142.42 percent to N16.47 billion, from N6.97 billion as at December 2023.
The growth in revenue was largely driven by a 2406 percent jump in commission income to N4.41 billion as the company continues to meet client’s expectations.
CHAPS has N28.06 billion in cash and cash equivalent in its balance sheet, which is 137.95 percent higher than 2o23’s N11.81 billion.
The company confirmed that during the period under review, the share capital increased from N5 billion to N10,0 billion.
Also, 5 billion ordinary shares of the newly created shares were allotted as bonus shares to the shareholders, in the proportion of 1 (one) new share for every 1 (one) share held and 4.57 million ordinary shares were allotted to shareholders who elected to receive scrip dividends for the financial year ended 2023.
About the company
Chapel Hill Advisory Partners Limited (“CHAPS”) was incorporated in April 2005 as a private limited liability company and functions as a holding Company for a number of investments and subsidiaries listed therein. The Company has its registered office at No.10, Bankole Oki Street, Ikoyi, Lagos, Nigeria.
CHAPS is an investment holding company with significant interests in Fund and Portfolio Management, Investment Advisory services, Financial and Strategic Advisory Services, Stockbroking and capital markets services to retail, high net worth and institutional clients. The subsidiaries owned by the Company are all businesses regulated by the Securities and Exchange Commission (“SEC”) in Nigeria.
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