Shareholders of
The dividend, which was an increase of 60 per cent above 25 kobo paid in 2019, was endorsed at the 61th annual general meeting (AGM) held in
Addressing the shareholders at the AGM held virtually, the Chairman,
According to him, the proposed dividend of 40 kobo per share for the year demonstrates the company's unflinching commitment to the promises to shareholders.
"Our revenue was driven by volume growth despite the shutdown in economic activities, disruptions and environmental unrest and the loss of sales for about seven weeks in the year. Free cash flow remained strong at N529 million, representing 34 per cent from the preceding year.
"However, a proposed dividend of 40 kobo per the year demonstrates the company's unflinching commitment to the promises to shareholders. We are very conversant with the strategic threats being faced by manufacturers in
The Managing Director,
"Whilst we have not fully overcome the impact of the pandemic. We are positive that the worst is behind us and we are positioned to maximise the opportunities for growth, not only in the Nigerian market but other markets facilitated by the African Continental Free
"Our world is increasingly digital, and we see it opening new and exciting opportunities for empowering our people and making business easier. We enter 2021 well positioned to further maximise opportunities technology provide for our business. We remain resilient," Sircar said.
Commenting on the company's performance, the National Coordinator,
She noted that the company made comprehensive disclosure in its annual report as it will enable investors to make informed investment decision.
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