University Press declares 40 Kobo dividend 1 for 5 bonus to shareholders


By Peter OBIORA investadvocate

Aug 03, 2010 06:00 GMT


University Press Plc (UP) has declared a 40 Kobo dividend and I for 5 bonus shares to shareholders of the company. This was contained in the company’s Audited Year Ended (December) 2010 released on the Floor of the Nigerian Stock Exchange (NSE) Monday August 02 2010 and made available to investadvocate in Lagos Nigeria.


The company affirmed that payment date for the dividend is September 30 2010; however there was no closure date for investors whose names appear on the company’s Registers and the Annual General Meeting (AGM) will hold September 30 2010 the day of payment of the dividend; suggesting that dividends would be paid on the venue of the AGM.


Profit and Loss Information made available to the Exchange showed that Turnover rose from N1.614 billion in year 2009 to N1.923 billion in year 2010 indicating a rise of 19.14 percent (19.14%) in the review period.



Profit Before Tax (PBT) of University Press also appreciated from N336.400 million in 2009 to N410.367 million in year 2010 showing an appreciation of 21.98 percent (21.98%).


While Profit After Taxation (PAT) was N276.823 million in year 2010 and N241.361 million in year 2009 representing an increase of 14.69 percent (14.69%) in the period under review.






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