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May & Baker's shareholders approve N517.6m dividend


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Published 7 June 2021
Shareholders of May & Baker Nigeria Plc have approved a dividend of 30 kobo for every 50 kobo share recommended by the company’s board of directors for the 2020 financial year.
The dividend, which amounts to N517.6m, was approved at the company’s 70th Annual General Meeting in Lagos, according to a statement on Sunday.
The Chairman, Board of Directors, Senator Daisy Danjuma, was quoted as saying at the AGM that she was glad that the company recorded growth in both turnover and profit, despite the challenging operating environment in the business year under review.
The company reported a 16 per cent growth in revenue from N8bn in 2019 to N9.4bn in 2020 and a gross profit growth of 30 per cent from N2.9bn to N3.8bn. ....

Patrick Ajah , Daisy Danjuma , Shareholders Of May Baker Nigeria Plc , Baker Nigeria Plc , Annual General Meeting , Senator Daisy Danjuma , Chief Executive Officer , Sir Sunny Nwosu , Federal Government , பங்குதாரர்கள் ஆஃப் இருக்கலாம் ரொட்டி சுடுபவர் நைஜீரியா ப்ல் , ரொட்டி சுடுபவர் நைஜீரியா ப்ல் , ஆண்டு ஜநரல் சந்தித்தல் , தலைமை நிர்வாகி அதிகாரி , ஐயா சூரியன் தீண்டும் நுவோசு , கூட்டாட்சியின் அரசு ,

New Salt Refinery to Boost NASCON Allied Industries' Revenue, as Firm Pays N1.06bn Dividend


The NASCON Allied Industries Plc ended the 2020 financial year on a positive note based on the expected revenue increase from its new state-of-art salt refinery.
Rising from its 2020 Annual General Meeting that was held at the Civic Centre in Lagos during the weekend, the company announced an improved turnover of N28.01 billion, which represented two per cent increase from the 2019 performance of N27.49 billion despite the economic headwinds generated by the COVID-19 pandemic.
Its 2020 Annual Report with the theme ‘Protecting Our Core’ showed that NASCON recorded N2.69bn in Profit After Tax (PAT), for the financial year ended on December 31, 2020. It also recorded a 46 per cent increase for the year, compared to N1.85billion in 2019. Earnings per share also increased to N1.02 in 2020 compared to N0.70 in 2019. ....

Yemisi Ayeni , Paul Farrer , Fatima Aliko Dangote , Industries Plc , Civic Centre , General Meeting , Protecting Our Core , Profit After Tax , Managing Director , Executive Director , Sir Sunny Nwosu , பால் ஃபாரர் , தொழில்கள் ப்ல் , குடிமை மையம் , ஜநரல் சந்தித்தல் , நிர்வகித்தல் இயக்குனர் , நிர்வாகி இயக்குனர் , ஐயா சூரியன் தீண்டும் நுவோசு ,