AFRICA Prudential Registrars, APR, Plc has proposed a final dividend of 43 Kobo per share to its shareholders, which translates to 60 Kobo total dividend for the 2015 financial year, having paid an interim dividend of 17 Kobo on August 31, 2015 after releasing its half year financial results.
The company’s audited results for 2015, which was released to the Nigerian Stock Exchange (NSE) last week, showed that a total of N1.2 billion would be paid to ordinary shareholders of the company if the proposed final dividend of 43 Kobo per share is ratified at the Annual General Meeting (AGM).
The financial results released for the period ended December 31, 2015, showed that the company recorded N2.54 billion gross earnings, representing a 15 per cent growth from N2.20 billion in 2014. The profit before tax (PBT) for the period grew by 25 per cent from N1.3 billion in 2014 to N1.6 billion in 2015 review period.
Commenting on the results, the Managing Director/CEO, APR, Mr. Peter Ashade, affirmed that the company was focused on increasing shareholders’ wealth. “In line with its fiveyear strategic plan, the company has paid dividend consistently for three years, following its listing on the NSE in 2013.
Thirty-five Kobo dividend was paid per share in 2013 and 2014 financial years, while a total of 60 Kobo is being proposed for 2015, having recorded another impressive result,” he said. Ashade urged investors to keep hope with the company, as it sustains the tempo of impressive growth in the years to come.
The company recorded N1.76 billion in Q3 ended September 30, 2015 as against N1.51 billion reported a year earlier. Profit before tax during the period stood at N1.19 billion in contrast to N991 million posted in 2014, while profit after tax stood at N1.08 billion during the review period from N828 million during the comparable period. APR had also recorded a 25 per cent leap in its post-tax profit during the year ended December 31, 2014.
The company’s net earnings grew to N1.218 billion up 25 per cent from N914.4 million in the same period of 2013. Net investment income increased to N1.349 billion in the fourth quarter (Q4) 2014 compared to N937.7 million reported in the corresponding period of 2013.


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