CSCS Grows Profit by 41% to N6.9bn, to Pay N5.8bn Dividend :

CSCS Grows Profit by 41% to N6.9bn, to Pay N5.8bn Dividend


Goddy Egene
The Central Securities Clearing System Plc (CSCS) successfully weathered the storm in 2020 financial year to deliver improved results and declared dividend.
Details of the performance showed that total operating income stood at N12.087 billion, boosted by the investment income of N7.443 billion, up from N4.612 billion.
Profit before tax (PBT) printed at N7.392 billion, up by 22.3 per cent from N6.042 billion. However, income tax dropped by 59.34 per cent from N1.141 billion in the preceding year to N464.361 million, making profit after tax (PAT) grew faster by 41.3 per cent to N6.93 billion from N4.90 billion. The board recommends a dividend of N5.8 billion, which is 117 kobo per share.

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