By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s healthcare company, Fidson Healthcare Plc on Friday said its profit before tax (PBT) for its 2013 audited year end went down 54 percent to N249.591 million from N540.080 million reported the previous year.

Profit after tax (PAT) also dipped 25 percent to N154.980 million from N206.889 million in 2012 end.

Revenue grew 29 percent to N9.247 billion in the audited period of 2013 from N7.168 billion the previous year.

The corporate action released by the healthcare firm, shows that dividend dropped 17 percent as the board of directors of Fidson Healthcare proposed to offer investors a 10 kobo per share dividend compared to 12 kobo paid last year.

However, the healthcare company reported a positive Q1 result as it recorded a growth in PBT of five percent from N269.563 million in the first quarter of 2013 to N283.015 million in the Q1 of 2014.

Similarly, Fidson posted an increase of five percent in its PAT, as it recorded N203.771 million compared to N194.503 million the same period of 2013.

Revenue climbed up slightly three percent to N2.699 billion from N2.624 billion recorded in the corresponding period of the previous year.