Shareholders
of Africa Prudential Plc on Tuesday approved the N800million dividend
recommended by the board of directors for the year ended December 31,
2017.
The shareholders gave the approval at
the 5th annual general meeting (AGM) held in Lagos. Speaking at the AGM,
the National Coordinator Emeritus, Independent Shareholders Association
of
Nigeria (ISAN), Sir. Sunny Nwosu, hailed the company for declaring
the dividend, which translates to 40 Kobo in spite of the various
projects the company undertook in the year under review.
“I really want to appreciate the
management of this company for its doggedness and hard work in its
activities in the past year, which has translated to the payment of 40
kobo dividend, a significant increase from the 30 kobo which we received
last year,” he said.
Also speaking, Mrs. Bisi Bakare of
Pragmatic Shareholders Association of Nigeria, was full of praises for
the management of the company. According to her, shareholders are proud
of the achievements of the company especially with the introduction of
key products into its bouquets such as Easycoop, E-records, USSD *4018#
and VAR. She urged the company to do more to make the shareholders
continue to smile in the coming financial dispensation.
Commenting on the financial results for
the year under review, the Managing Director/CEO of Africa Prudential
Plc, Mr. Peter Ashade said: “Despite the challenging operating
environment in 2017, the company ended the year with an impressive
performance. The company recorded a turnover of N3.36 billion – a growth
of 38 per cent over the previous fiscal financial year – and a profit
before tax of N2.06 billion which represent an increase of 43 per cent
over the previous year”.
According to him, in 2017, they
emphasised the need for diversification of their business portfolio to
achieve long term sustainability and viability of their business which
necessitated the change of name that was approved at the last AGM.
Ashade disclosed that the company has
since commenced implementation of its diversification strategy,
reiterating that the new Africa Prudential Plc is still a strong player
in the registrars’ business and still intends on remaining a leading
registrar firm in Nigeria and grow to become a leader in Africa in the
near future. “The company consistently deepens its income base outside
registrar operations and investment incomes with aggressive marketing of
its bouquet of e-products, such as Easycoop, E-record, USSD *4018# and
VAR both in Nigeria and other African countries,” he said.
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