Letshego Savings and Loans PLC’s total revenue for the 2024 fiscal year increased by 14.2% year-on-year.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Letshego Savings and Loans PLC reported a 14.2% year-on-year growth in total revenue for the 2024 financial year, underpinned by improved loan book performance and disciplined credit risk management.

According to the company’s audited financial statements, total revenue reached GH¢252.6 million for the year ended December 31, 2024, up from GH¢221.1 million recorded in the previous year.

Profit before tax for the year stood at GH¢43.8 million, slightly down from the previous year’s GH¢45.2 million, as the firm absorbed higher impairment charges on financial assets, in line with a conservative provisioning approach.

Net profit after tax declined marginally by 3.7% to GH¢30.6 million.

Source: newsthemegh.com