By Opeyemi Issa InvestAdvocate

Lagos (INVESTADVOCATE)-Dangote Cement Plc (DANGCEM) Wednesday announced a proposed dividend of N1.25 and 1 for 10 bonuses to shareholders of the Company for Audited Report for the Period Ended December 31 2011.

DANGCEM in its Result Announcement to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com said Qualification Date for those to benefit from the dividend and bonus reward is May 11 2012 and Closure Date of Shareholders whose names appears on the Company’s Record is May 14 to May 18 2012.

Annual General Meeting (AGM) has been scheduled for May 24 in Lagos Nigeria and payment of the N1.25 dividend will be June 01 2012.

A review of the Company’s Financial Report for the 2011 End shows that Profit After Tax (PAT) increased by 19.57 percent (19.57%) as DANGCEM recorded N125.909 billion in year 2011 End compared to N125.478 billion in 2010.

Profit Before Tax (PBT) also grew from N117.843 billion in 2010 End compared to N118.283 billion in the review period of year 2011 End; indicating a 18.28% growth.

Turnover, also increased by 16.44% as the Company posted N235.704 billion in year 2010 End compared to N235.914 billion in year 2011 End.

Analyst at Afrinvest say the Corporate Actions of a N1.25 dividend and 1 for 10 bonuses by Dangote Cement to its Shareholders was positively received by participants, leading to a scramble for available offers and a 0.4% mark-up in its share price. Closing sentiments also suggest the possibility of further appreciation in coming sessions.

In the same vein, Trans-National Express Plc (Tranex) proposed a N0.05 dividend to its investors for the 2011 End.

The Firm announced that Qualification Date is July 06 2012 and Closure Date of Register of shareholders to benefit is July 09 to July 13 2012 and AGM Date has been scheduled for July 19 2012; while payment date is August 02 2012.

Also, Juli Plc announced a Turnover of N211.151 million in year 2011 End compared to N248.587 million in year 2010; representing a 15.1% declined in Turnover.

The Firm posted a N51.420 million Loss compared to N37.259 million it posted in year 2010 End; showing a Loss of 38.0%.

While PBT slipped further from N36.777 million in year 2010 End to N48.396 million in the review period of year 2011 End; indicating a Loss of 31.6%.