Capital

Custodian & Allied Offers Investors N0.32kobo Dividend in 2017

* Reports 37.33 % Increase In PAT

BY NKECHI NAECHE——Top Underwriter, Custodian & Allied Plc has proposed a dividend of N0.32 kobo for its investors for the financial year ended 31st December 2017.

The insurer disclosed this through a notice made available to BusinessToday Online through the Nigerian Stock Exchange ( NSE) that iits profit after tax (PAT) went up by 37.33 percent from N5.33 billion reported in 2016 to N7.32 billion in the year under review.

The firm’s  Gross revenue increased to N43.02 billion from N38.55 billion posted in 2016, indicating a growth of 11.59 percent.

Pretax profit was not left out as it appreciated to N89.3 billion from N7.39 billion recorded in 2016, showing an increasing of 20.88 percent.

The notice further said that qualification and closure dates has been scheduled for April 11 and April 13-17, 2018 respectively. While noting that its Annual General Meeting AGM and payment of 32 kobo per share dividend  will hold on the same day of April 24, 2018.

 

 

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