By InvestAdvocate
Lagos (INVESTADVOCATE)-Okomu Oil Palm Plc Friday proposed to reward investors of the Company with a total dividend of N5.00 in its 2011 Audited Year End.
The Company has earlier paid a N1.00 Interim Dividend to shareholders in its Half Year Result and has now proposed to pay a N4.00 dividend for its Year End 2011; indicating a N5.00 total dividend payout.
Okomu Oil in its Corporate Actions to the Nigerian Stock Exchange (NSE) affirmed that closure date of Register for shareholders whose names appears on the Company’s Record is 15th-18th May 2012 and payment date is June 25 2012.
The Company’s Annual General Meeting (AGM) has been scheduled for June 25 2012.
A look at its Audited Report for the period ended December 31 2011 shows that Profit After Tax (PAT) increased from N1.629 billion in year 2010 to N3.923 billion in year 2011; indicating a significant increase of 140.8%.
Profit Before Tax (PBT) also grew from 1.971 billion in 2010 to N4.658 billion in the review period of 2011; showing a growth of 136.3%.
Turnover was N11.121 billion in year 2011 end compared to N6.087 billion in year 2010 end; representing an increase of 82.7% in the review period.
Similarly, Poly Products Nigeria Plc has rewarded investors of the Company a 1 for 24 bonus in its 2011 Audited Year Ended March 2011.
Closure date for shareholders to benefit from this offer is April 16-20 2012 and the Company’s AGM has been scheduled for April 30 2012 in Lagos Nigeria.
Also, a look at Poly Products Audited Report for the period ended March 31 2011 shows that PAT slipped 16.4% as the Firm recorded N50.727 million in year 2011 end compared to N60.668 million in the previous year.
PBT also dipped from N83.364 million in year 2010 end to N61.519 million in year 2011 end; showing a dip of 26.2% in the review period.
While Turnover slipped from N2.415 billion in year 2010 end to N2.241 billion in year 2011 end; showing a slip of 7.2%.
