Monarchs Applaud Impressive Performance
Digital Space Capital (DSC), a leading finance and investment company, recorded a profit after tax (PAT) of N620 million for the 2023 financial year, marking an 81.7 percent year-on-year (YoY) growth from its 2022 results.
The announcement was made during DSC’s 2024 *GiantStride Investment Summit* themed *“The Quantum Leap 5.0”*, held in Lagos.
The company also reported a 30.2 percent increase in gross income, reaching N2.9 billion, driven by the diversification of revenue streams. Presenting the financial results, Dr. Aramide Ajayi, an Auditor at KSBC Advisory Partner Limited, highlighted the company’s robust financial performance.
“In 2023, DSC achieved significant revenue expansion, with gross income growing by 30.2 percent to N2.9 billion,” Ajayi stated. “Profit before and after tax increased significantly by 82 percent, and expenses grew by just 15 percent, resulting in a positive margin ratio of 15 percent.”
The Etse Nupe of Nupe Land, Dr. Yahaya Abubakar, who also serves as Chairman of the Board of Directors at DSC, commended the Group Managing Director, Mrs. Olubukola Abitoye, for her exceptional leadership over the past five years.
The Ooni of Ife, Oba Enitan Ogunwusi, also praised Abitoye, stating:
“I consider myself a part of DSC as a group; it is my baby. Their growth is important to me, and I will continue to support them in all their endeavors. In life, the greatest asset is surrounding yourself with values. Money is just currency; its true worth lies in the value you attach to it.”
Speaking on the summit, Abitoye remarked:
“The theme of this year’s summit embodies bold ambition and fosters transformative ideas and partnerships to redefine the investment landscape. It serves as a platform for innovators and stakeholders to align strategies that drive growth, sustainability, and innovation. Together, we embrace the challenge of scaling impact, reshaping industries, and unlocking opportunities for a prosperous future.”
Abitoye added that the summit’s theme reflects DSC’s core values of innovation, proactivity, and an unwavering commitment to excellence.