Fidelity bank banner UBA 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: 2,262


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+


 

CLASSIFIED ADS

 

You may also like...
Adegboruwa gives Lagos Assembly pre-action notice on unlawful...

300 give birth in IDP camp

Saudi official reveals the truth about how Journalist...

FCT residents complain of indiscriminate cattle grazing

France beat Belgium to qualify for World Cup...

House Speaker, Deputy pocket N1.4b ($9m) “quarterly allowance”...

INEC stops Melaye’s recall

Dickson leads South South Governors to condole Anenih...

Military lambasts Boko Haram leader Abubakar Shekau, dismisses...

BREAKING: Buhari cancels Federal Executive Council meeting •To...

Anti-Corruption War: Strike weakens CCB, CCT

Woman jailed for complaining about mosque loudspeaker, call-to-prayer...

 

Latest News Governors can pay N30,000 minimum wage: Oshiomhole Imo Gov Race: Okorocha raises alarm over alleged fake court order Nigeria collapsing under Buhari — CLO Court of Appeal reduces jail terms of ex-governors Dariye, Nyame Army builds detention centre for Boko Haram fighters Buhari: I am on track to achieving my plans for Nigeria Nigeria, Uganda friendly tickets now on sale •Stephen Keshi International Stadium Asaba is venue Let’s not plunge Rivers into violence — Abe ‘Stop advertising your ignorance’ — Atiku/Obi Advocacy Group chides Buhari Media Organisation Delta APC factional chairs disagree over reconciliation committee Court orders EFCC to re-arraign Jonathan’s ex-aide Don’t repackage the gospel — Anglican Bishop charges clerics

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (420,887 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (389,898 views) Shameless Genevieve Nnaji exposes breasts in public (322,775 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (271,468 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (244,030 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (227,438 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (208,968 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (190,432 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (175,792 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (168,531 views) Lagos plane crash: Journalist releases victims’ names (165,001 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (151,920 views)

 

Zenith Zero Balance First Bank banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (73) Business & Economy (3,794) Business Verdict (54) Columnists (963) Complaints & Requests (94) Enterprise & Opportunities (208) Entertainment (566) Features (669) Global Business Monitor (309) International (2,684) Interview (166) Live Commentary (28) Love Matters (146) Maggie's Blog (35) News (40,588) Opinion (1,140) Pidgin (13) Politics (7,743) Religion (900) Sports (1,774) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera