By InvestAdvocate

Lagos (INVESTADVOCATE)-Food processing firm, McNichols Consolidated Plc said on Wednesday it’s offering a 0.4 kobo per share dividend and 1 for 10 bonuses to shareholders in its 2014 audited period, the company said in a filing with the Nigerian Stock Exchange (NSE).

McNichols said its closure date is July 17 and annual general meeting (AGM) date has been scheduled for July 23; while payment date is July 27, 2015.

A review of the food processors audited account ended December 31, 2014 shows that the company increased its profit after tax (PAT) 73.2 percent to N40.53 million from N23.40 million a year earlier.

In the same vein, profit before tax (PBT) grew 69.5 percent to N45.47 million from N26.83 million reported in the corresponding period of 2013.

Revenue climbed up by 20.6 percent to N520 million from N431 million recorded last year.