Fidelity bank banner Bayelsa State banner
Africa Prudential Registrars proposes N1.2 billion dividend for 2015 financial year

By News Express on 08/03/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,109

Africa Prudential Registrars (APR) Plc has proposed a final dividend of 43 kobo per share to the delight of its shareholders. This final dividend rounds up to 60 kobo total dividend for the 2015 financial year, having paid an interim dividend of 17 kobo on August 31, 2015 after releasing its half year financial results.

The company’s audited results for 2015 which was released to the Nigerian Stock Exchange (NSE) last week shows that a total of N1.2 billion will be paid to ordinary shareholders of the company if the proposed final dividend of 43 kobo per share is ratified at the coming Annual General Meeting (AGM).

If ratified by shareholders at the AGM, payment of the dividend will be made on April 13, 2016 to all shareholders on the register of members of the company as at the qualifying date of March 22, 2016. The Register of Members and Transfer Books of the Company would be closed from Wednesday, March 23 to Tuesday March 29, 2016 (both dates inclusive) for the purpose of updating Register of Members eligible for the dividend payment.

In the results released for the period ended December 31, 2015, the company recorded N2.54 billion gross earnings, representing a 15% growth from N2.20 billion in 2014. Likewise, the Profit Before Tax (PBT) for the period grew by 25% from N1.3 billion in 2014 to N1.6 billion in 2015. By the performance, expense only grew by a marginal 1% from N904 million to N913 million. In a similar trend, basic earnings per share grew by 18% — from 61 Kobo to 72 Kobo.

Speaking with the media, APR Managing Director/CEO, Mr. Peter Ashade, affirmed that the company is focused on increasing shareholders wealth.

He noted that, in line with its five-year strategic plan, the company has paid dividend consistently for three years, following its listing on the NSE in 2013. Thirty-five Kobo dividend was paid per share in 2013 and 2014 financial years, while a total of 60 Kobo is being proposed for 2015, having recorded another impressive result.

While Mr. Ashade further encouraged investors to keep hope with the company as it sustains the tempo of impressive growth in the years to come, it would be recalled that APR Plc won a double award at the prestigious Pearl Awards in 2015. The company was announced winner and presented with the Best Profit Margin Ratio, and Best Corporate Governance Awards.

•Photo shows APR Managing Director/CEO, Peter Ashade

Source News Express

Posted 08/03/2016 2:21:25 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
FG approves 10-year validity for passport

FIRS generates N1.78trn in 6 months

Another U.S. soldier confirmed killed in Niger ambush...

Military set to disengage 620

TB Joshua converts controversial South African pastor who...

Saudi Arabia bans 50 names (Plus: List of...

FG engages experts to de-radicalise convicted insurgents

Biafran War hero Joe Achuzia dies after brief...

FG dismisses reported appointment of new leader for...

PDP will retake Aso Rock in 2019: Sheriff...

2nd Runway of Ibom International Airport due for...

Ekiti Guber: APC to conduct fresh governorship primary...


Latest News Buhari blows hot upon return from London, vows to jail more looters Rivers bye-election suspended due to widespread violence Soldiers, suspected herdsmen exchange gunfire in Benue Osun 2018: 13 APC elders caucus, senatorial aspirant defect to ADP 23 minors rescued from Boko Haram custody, handed over to UNICEF Without restructuring, Nigeria may never survive, says Ohanaeze 2019 Election Budget: N’Assembly joint committee reconvenes August 27 Nigerian student's paper glove makes world museum Osinbajo signs three bills into law I have no plan to dump APC — Madumere •Dismisses purported defection to ADC Landslide threatens Anambra community Don’t play politics in Saudi Arabia, NAHCON cautions pilgrims •Says no pilgrim left in Nigeria


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (378,495 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (367,112 views) Shameless Genevieve Nnaji exposes breasts in public (296,854 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (242,253 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (223,192 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,385 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (192,909 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (175,115 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,864 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,663 views) Lagos plane crash: Journalist releases victims’ names (152,970 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,259 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,461) Business Verdict (48) Columnists (912) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (638) Global Business Monitor (295) International (2,278) Interview (162) Live Commentary (28) Love Matters (134) News (38,129) Opinion (1,060) Pidgin (11) Politics (6,092) Religion (824) Sports (1,650) Stock Watch (33) AMA & Al Jazeera Global Update


CBN banner

Firstmobile banner




Real Madrid vs Atletico Madrid 2-4 Highlights and Goals


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera