Dannex Ayrton Starwin Bounces Back with Impressive GH¢5.42 Million Profit in Q1

Back to Business on The Move
Dannex Ayrton Starwin Bounces Back with Impressive GH¢5.42 Million Profit in Q1 (1)

Share this post

Dannex Ayrton Starwin Bounces Back with Impressive GH¢5.42 Million Profit in Q1

Dannex Ayrton Starwin Bounces Back with Impressive GH¢5.42 Million Profit in Q1

 Ayrton Starwin has bounced back strongly from a loss of GH¢1.02 million in the first quarter of 2023 to post a profit of GH¢5.42 million in the first quarter of 2024.

This was after the company halved its exchange rate losses from GH¢1.31 million in the first quarter of 2023 to GH¢635.4 million in the first quarter of 2024.

Total revenue also grew from GH¢27.22 million in the first quarter of 2023 to GH¢39.39 million in the first quarter of 2024, with cost of sales also increasing from GH¢12.56 million to GH¢16.36 million.

Administrative expenses also increased from GH¢10.17 million to GH¢12.38 million.

Source: Graphic.com.gh

Back to Business on The Move