The cement maker has been paying shareholders the same dividend for the past three years.
The cement maker has been paying shareholders the same dividend for the past three years.
"The audited financial statements will be filed with the NSE on or before
It initiated a plan last year to repurchase 10 per cent of its outstanding shares to shore up its share price currently perceived to be undervalued, a move analysts believe will mostly favour the company's directors and insiders since the 10 per cent or 1.704 billion units of the shares to be bought back will only come from its free float shares or the portion of its shares held by the public.
Only 13.8 per cent of
The company's total sales and profit for the nine months to
That compares with the N679.791 billion revenue and N154.350 billion profit declared for the corresponding period of 2019 raising hopes of improved earnings when the company issues its audited full-year earnings report.
Nigerian authorities exempted
The policy shift is expected to impact its financial performance when it becomes public in the days ahead.
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