According to the financial statement that was released to the Nigerian Stock Exchange (NSE), the dividend, proposed by the directors is same figure that was paid to shareholders in the last financial year.
The dividend is subject to shareholders approval at the company’s Annual General Meeting (AGM) coming up on October 12, 2017.
Details of the corporate action showed that register of members would be closed between October 6, 2017, while payment date is October 13, 2017.
Analysis of the full year account indicated that the company grew its profit for the year by 73.10 per cent, from N2,129,69 billion in 2016 to N3,686,60 billion in 2017.
Further analyses indicated that profit before tax grew by 52.82 per cent to stand at N4,811,17 billion which is above N3,148,20 billion that was recorded same period in 2016.
Revenue for the period also went up by 14.53 per cent, from N69,527,54 billion in 2016 to N79,630,11 billion in 2017, while cost of sales was up by 4.78 per cent from N49,326.18 million in 2016 to N51,682,21 billion in 2017.
and then