Nigeria, April 30 -- For the quarter ending March 2026, the business recorded a profit of N954.37 million, therefore turning around the loss suffered in the corresponding period of last year. Strong revenue increase, higher operational efficiency, and a sizable foreign exchange gain propelled the recovery.



Financial statistics reveal that revenue nearly doubled to N1.09 billion, mostly driven by higher domestic sales of cocoa products, notably cocoa powder, with some support from export earnings.

Even with increasing costs for raw materials and manufacturing, the business returned to a positive gross profit position, suggesting better cost management.



The News Chronicle reports that the change shows a mix of better market condit...