By Agency reporter

Wednesday, 22 Dec 2010

 

Shareholders of Multi-Trex Integrated Food Plc has praised the financial performance of the company.

They made this commendation at the company’s annual general meeting held in Ogun State on Monday.

The Chairman of the company, Chief Bayo Akinnola, in his address at the meeting, expressed joy at the position of the shareholders, saying, ‘‘I‘m proud to be chairman in a company where the shareholders take this type of position.‘‘

He promised the shareholders better profitability going forward. According to him a lot of critical issues concerning the company will be ironed out before its next annual general meeting.

The company achieved a profit before tax of N228m up from N347.6m in the previous year,a profit after tax of N219.6m as against N347.05m in 2009 and a turnover of N3.1bn in the 2010 financial year compared to N1.6bn in 2009.

Source: Punch