By InvestAdvocate

Lagos (INVESTADVOCATE)-Mortgage Firm, Haggai Savings & Loans Limited has rewarded investors of the Company with 20 Kobo dividend payout for the 2010 Financial Year End (FYE).

This was contained in a Statement from the Company Saturday and obtained by www.investadvocateng.com in Lagos Nigeria.

The Statement affirmed that at the 10th Annual General Meeting (AGM) of the Primary Mortgage Institution (PMI) held Wednesday 12th October 2011 in Lagos, Profit After Tax (PAT) increased from N142.9 million in year 2009 compared with N225.9 million in year 2010; indicating an increase of 58.08 percent (58.08%).

Bode Osunkoya, Chairman of the Company said that the result shows more efficiency in the use of resources to generate profit. “Haggai has continually improved on her performance year on year despite the lull in the industry and indeed the economy as a whole” he said.

In the same vein, the Statement said the Board of Haggai Savings & Loans announced a minor change in its leadership with S.M. Olakunrin coming on board as the Chairman while Osunkoya remains as the Chairman of the Board Finance Committee.

As at the time of filling in this Report, www.investadvocateng.com did not obtain the Annual Reports and Accounts of Haggai Savings & Loans in the review period.