By InvestAdvocate
Lagos (INVESTADVOCATE)-Greif Nigeria Plc Tuesday proposed to reward investors of the Company with a dividend of 30 Kobo in its 2011 Audited Year End.
Greif Nigeria 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 10th-13th April 2012 and payment date is April 20 2012.
The Company’s Annual General Meeting (AGM) has been scheduled for April 18 2012 in Lagos Nigeria.
A look at its Audited Report for the period ended October 31 2011 shows that Profit After Tax (PAT) dipped from N43.633 million in year 2010 to N38.382 million in year 2011; indicating a dip of 12 percent (12%).
Profit Before Tax (PBT) also dropped slightly from N73.094 million in 2010 to N71.580 million in the review period of 2011; showing a drop of 2.1%.
Turnover was N879.498 million in year 2011 end compared to N784.678 million in year 2010 end; representing an increase of 12.1% in the review period.
