By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)- Food processing and packaging company, McNichols Consolidated Plc on Monday reported its profit after tax (PAT) for the period ended December 31, 2015 grew 48.84 percent to N60.33 million from N40.53 million recorded a year earlier.
In the same vein, pretax profit of the company climbed up 43.55 percent to N65.27 million from N45.47 million declared in 2014 audited year end.
Revenue of the food processing and packaging firm rose from N519.79 million in 2014 end to N1.009 billion in the review period of 2015, McNichols said in a filing with the Nigerian Stock Exchange (NSE).
The board of directors of the company has proposed a bonus of 1 for 10 to shareholders and a 0.05 kobo per share dividend in the review period.
Closure date has been scheduled for 16 June 2016, while the Annual General Meeting (AGM) and payment date is July 21 and July 25, 2016 respectively.
