By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Livestock Feeds Plc said on Wednesday its 2014 profit after tax (PAT) climbed up 20 percent to N252.17 million from N210.74 million recorded last year, the company said in a filing with the Nigerian Stock Exchange (NSE).

Similarly, profit before tax (PBT) grew by 42.2 percent to N402.15 million from N282.79 million recorded in the corresponding period of 2013.

The livestock and animal specialties company said its revenue increased to N7.91 billion from N6.11 billion recorded in 2013; indicating an increase of 29.5 percent.

Livestock Feeds in its corporate action to the NSE proposed a dividend of 10 kobo per share to investors of the company.

The company said closure date is May 28; while annual general meeting (AGM) date has been scheduled for June 17, 2015.

Livestock affirmed it will pay its shareholders the 10 kobo per share dividend on June 18, 2015.