NCR records 1,077% increase in Profit After Tax


-Proposes 0.5 Kobo dividend in year 2009 FYE


By Peter OBIORA investadvocate

Aug 04, 2010 16:40 GMT


NCR Nigeria Plc (NCR) operating in the Computer and Office Equipment sector of the Nigerian Stock Exchange (NSE) has recorded a 1,077 percent (1,077%) increase in the company’s Profit After Tax (PAT) in the Audited Year Ended (December) 2009.


This was contained in the Result Announcement of the company made available to investadvocate for the period ended December 2009 today Wednesday August 04 2010 at the Floor of the NSE in Lagos Nigeria.


The Computer and Officer Equipment Giant achieved this feat as it’s PAT rose from N80.263 million in year 2008 to N944.863 million in year 2009 indicating a rise of 1,077% in the review period. While Profit Before Tax (PBT) also increased from N101.797 million in year 2008 to N1.141 billion in year 2009 representing an increase of 1,021 percent (1,021%) in the period under review.


The company reported it made a Turnover of N4.270 billion in year 2009 compared to N5.411 billion it made in year 2008 showing a decrease of 21.08 percent (21.08%).



In the same vein, NCR has proposed to offer investors of the company a 0.5 Kobo dividend payout in its year 2009 Financial Year End (FYE). However, in it’s Corporate Action, it did note state the closure of Register to shareholders who would benefit from the proposed dividend and there is no date announced for the Company’s Annual General Meeting (AGM) or its payment date if the 0.5 Kobo dividend is eventually approved by the Board of Directors (BOD) of the company.



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