By Opeyemi Issa InvestAdvocate
Lagos (INVESTADVOCATE)-Conglomerates Giant, Unilever Nigeria Plc Tuesday proposed a N1.40 Kobo dividend to investors of the Company; as it upped its dividend payment by 27.27 percent (27.27%) for the Audited Report for the Period Ended December 31 2011.
The Audited Report for year 2011 of Unilever Nigeria released on the Floor of the Nigerian Stock Exchange (NSE) and obtained by www.investadvocateng.com in Lagos Nigeria shows that the Company has proposed to rewards its investors with a N1.40 Kobo compared to the N1.10 Kobo paid in year 2010 end.
Unilever Nigeria in its Corporate Actions to the Nigeria’s Exchange said closure of Register of shareholders in its Record who would benefit from the dividend payout is 10th-13th April 2012 and payment date has been scheduled for May 11 2012 after the Company’s Annual General Meeting (AGM) to be held on May 10 2012 in Lagos Nigeria.
A review of the Company’s Audited Report for the period December 31 2011 shows that Profit After Tax (PAT) grew by 31.4% as the Company posted N5.5491 billion in 2011 end compared to N4.180 billion recorded in 2010.
Profit Before Tax (PBT) also increased from N6.151 billion in year 2010 end compared to N7.983 billion in the review period of year 2011; indicating an increase of 29.8%.
Turnover also increased by 16.9% in year 2011 end as Unilever Nigeria recorded N54.724 billion compared to N46.807 billion in year 2010.
