By investadvocate

Lagos (INVESTADVOCATE)-NPF Microfinance Bank Plc has proposed to give investors of the Company a 5 Kobo dividend in its Audited Result for the Period Ended December 31 2010.

The Company said that closure date is May 30 2011 and payment date is scheduled for June 09 2011.

Also, the Firm has scheduled its Annual General meeting (AGM) for June 09 2011 and venue for the event is the Police Officers Mess Ikoyi Lagos Nigeria.

Financial Result made available to investadvocate shows that Profit Before Tax (PBT) for the review period is from a negative of (N101.883 million) in year 2009 to N180.726 million in year 2010; indicating an appreciation of 277.39% in the review period.

While Profit Before Tax (PBT) grew from N163.347 million in year 2009 to N242.182 million in year 2010, representing 48.26%.

Gross Earnings increased from N875.208 million in year 2009 compared to N878.036 million in the review period, showing a slight increase of 0.32%.