By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-Fidson Healthcare Plc Friday earmarked a 10 Kobo dividend to shareholders of the Company as its Profit After Tax (PAT) decline by 33.0 percent (33.0%) in its 2011 Audited Year End.
The Company said this in its Result Announcement to the Nigerian Stock Exchange (NSE) in Lagos Nigeria and obtained by www.investadvocateng.com.
A review Fidson’s Audited Report for the Period Ended December 31 2011 shows that the Pharmaceutical Company recorded a decline in PAT of 33.0%. PAT for the review period was N312.257 million compared to N465.893 million in year 2010 end.
Fidson recorded a Profit Before Tax (PBT) of N472.448 million in year 2011 end compared to N642.183 million in the corresponding year of 2010; showing a dip of 26.4%.
While Turnover increased by 39.3% as Fidson posted N7.103 billion in the review period of year 2011 end compared to N5.100 billion in year 2010 end.
In the same vein, AIICO Insurance Plc has proposed to reward its investors with a 6 Kobo dividend payout for its Audited Result Ended December 31 2011 compared to the 5 Kobo paid in year 2010 end.
A review of the year 2011 end Audited Report of the Insurance Company shows that PAT increased from N1.117 billion in year 2010 end compared to N1.332 billion in the review period of year 2011 end; indicating an increase of 19.2%.
PBT also grew from N1.230 billion in the Audited Period of year 2011 end; compared to N1.517 billion in the review period of year 2011 end; representing a growth of 23.3%.
Gross Premium written also increased from N14.952 billion in year 2010 end compared to N18.444 billion; showing an increase of 23.4% in the period under review.
