By Opeyemi Issa InvestAdvocate
Lagos (INVESTADVOCATE)-NAHCO Plc Thursday announced a proposal of 25 Kobo dividend payout and a 1 for 5 bonus to shareholders of the Company in its Audited Report for the Period Ended December 31 2011.
In its Corporate Actions to the NSE, NAHCO said closure date for investors of the Company to benefit from the 25 Kobo dividend and 1 for 5 bonus on the Company’s Register of shareholders is 14th -18th May 2012; While qualification date is May 11 2012.
Also, the Company’s Annual General meeting (AGM) and payment date has been scheduled for June 17 respectively.
From the Result Announcement made available to the Nigeria’s Exchange and obtained by www.investadvocateng.com in Lagos Nigeria, a review of the 2011 Audited Period shows that Profit After Tax (PAT) of company declined from N1.77 billion in year 2010 end to N757.720 million; showing a decline of 35.6% in the review period.
Profit Before Tax (PBT) also dipped from N1.711 billion in year 2010 end to N1.178 billion in the review period of 2011; representing a Loss of 31.2%%.
However, Turnover grew by 12.5% as NAHCO Plc posted N7.141 billion in year 2011 end compared to N6.345 billion in year 2010; indicating a growth of 12.5%.
In the same vein, Capital Hotel Plc announced a 7 Kobo dividend payout to its investors in its 2011 Financial Year End (FYE) compared to 7.5 Kobo paid in year 2010.
A look at the 2011 end Financial Result of Capital Hotel shows that PAT dipped from N598.590 million in 2010 compared to N581.177 million in the review period of year 2011; showing a dip of 2.9%.
PBT also declined from N1.068 billion in year 2010 end to N703.207 million in year 2011; representing a decline of 34.2%.
While Turnover also dropped from N5.031 billion in year 2010 end to N4.905 billion in the review period of year 2011; showing a slight drop of 2.5%.
