Listing on the Nigerian Stock Exchange (NGX) provides companies with numerous benefits, including increased visibility, access to capital, and enhanced credibility.
However, not all companies choose to list due to regulatory requirements, the cost of compliance, and the need for transparency in financial reporting.
For those that do, market capitalization becomes a crucial indicator of their financial health and investor confidence.
In 2024, health companies listed on the NGX demonstrated their financial robustness through their market capitalizations.
This metric, which reflects the total market value of a company’s outstanding shares, provides insights into the company’s size, stability, and market presence.
Methodology
Nairametrics ranked the top health companies based on their market capitalization as of the end of July 2024, using the daily summary of the last day in July 2024, exploring their operations, histories, and positions in the market.
Market Capitalization: N2,059,020,000
Established in 1972, Juli Plc operates in the food and drug retail and wholesale sector.
Headquartered in Lagos, the company has a branch and distribution centre in Ado-Ekiti and Ikeja, Lagos.
Juli Plc claims to offer a variety of products, including pharmaceuticals, medical supplies, and consumer goods, catering to both individual consumers and healthcare institutions.
The company says that it has a robust supply chain and distribution network, which enable it to maintain a strong market presence.
As of July 31 2024, Juli Plc had a market capitalization of N2,059,020,000, with shares trading at N10.30.
