By investadvocate

Jan 27 2011 17.23 GMT

Lagos (INVESTADVOCATE)-Fidson Healthcare Plc operating in the Healthcare sector of the Nigerian Stock Exchange (NSE) has declined in its dividend payout by 55 percent (-55%) in its 2010 Financial Year End (FYE).

 

The Company proposed to offer investors of the Company a 10 Kobo dividend for the Audited Year Ended (June) 2010 compared to 22 kobo per share it offered investors for the Year Ended June 30 2009.

 

This was contained in the result announcement Thursday January 27 2011 released to the Nigeria’s Exchange by the Healthcare firm and made available to investadvocate in Lagos Nigeria.

 

The Company’s audited result for year 2010 to the Council of the Exchange showed a Turnover of N5.100 billion compared to N5.019 billion in year 2009 end; indicating a slight increase of 1.61% in the review period.

 

While the Healthcare firm recorded a Profit Before Tax (PBT) of N642.183 million in year 2010 end compared N623.036 million in year 2009; indicating a growth of 3.07%.

 

Profit After Taxation (PAT) was N465.893 million in the Audited Year Ended June 2010 compared to N429.073 million in year 2009; representing a growth of 8.58% in the review period.

 

However, as at the time of filling in this report, no payment/closure date was announced.