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.

Click here to view McNichols Consolidated Plc Statement of Profit or Loss and other Comprehensive Income for the period ended December 31, 2015

The post McNichols Reports 48.84% Growth in PAT, Offers Investors 1 for 10 bonus, 5 Kobo Dividend appeared first on Investadvocate.

By InvestAdvocate

Lagos (INVESTADVOCATE)-Soap and detergent producer, Unilever Nigeria Plc said on Thursday it has recommended N189.16 Million dividend to its shareholders for the 2015 audited financial year end.

The company in its corporate action filed with the Nigerian Stock Exchange (NSE) said the N189.61 million amounts to five (5) kobo gross per share dividend.

The soap and detergent maker said closure of register of members is Monday April 11 to Friday April 15, 2016 for the purpose of preparation of dividend payment.

Unilever added that if the proposed dividend is approved at the company’s Annual General Meeting (AGM), payment will be on May 13, 2016.

Shares of the soap producer at the close of the week’s trading on the Nigerian bourse climbed up 4.99 percent to N30.92 from N29.45 traded the previous week; losing N1.47 per share.

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