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Punch Newspapers Sections 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. ....
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 âProtecting Our Coreâ 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. ....
…As Dangote Sugar Records 13.7 Percent Increase In 2020 Production (AFRICAN EXAMINER) – Dangote Sugar Refinery Plc has urged government to faithfully follow through the Backward Integration Policy in the sugar industry as the nation stands to rake in foreign exchange up to $700millon yearly from Sugar production self-sufficiency. Chairman of Dangote Sugar Refinery Aliko […] ....
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