Africa Prudential Registrars Plc Declares Dividends

Africa Prudential Registrars Plc has declared dividend money of 35 kobo per share within the first year of its listing.

The company’s Board of Directors recently approved that seven hundred million (700,000,000.00) out of the company’s Nine hundred and fourteen million (914,000,000.00) Profit After Tax (PAT) be paid out as dividend to shareholders of the company.

When Africa Prudential Registrars Plc listed on the Nigerian Stock exchange In January 2013, The Managing Director/CEO, Peter Ashade made a two-point promise to existing and new investors; namely to work at adding value to existing shareholders and to maximize wealth of shareholders respectively. Twelve months after, Africa Prudential Registrars (APR) Plc declares thirty five (35) kobo Dividend per every share of APR Plc.

So far, Africa Prudential Registrars Plc is the only Registrars is the only investor Relations firm in the share registration sub-sector to be listed on the floor of the Nigerian Stock Exchange. APR Plc share was listed on 11th January, 2013 at one naira, fifty kobo (N1.59k).  The company did a Right Issue which was offered at N1.20 in October 2013.  The Right was oversubscribed at 245%; subsequently Return Moneys were issued for many investors who requested for additional shares after accepting their provision allotment.

The Thirty five (35) kobo per every share dividend will be paid out on the activities for the 2013 financial year.  New investors are particularly reaping from APR plc whose investor-centric management policy among others is ensuring returns on investment for shareholders. The dividend payment is an attestation to the company’s determination to add value to shareholders, and ensure increment in shareholder wealth.

Investment in the company’s shares is not misplaced. APR Plc believes strongly in adding value to investors. The unit stock price hovers above three naira (N3.00). The company truly delights her shareholders.

The company’s Share Capital for the period stood at one billion naira.

The company has consistently posted profits, back-to-back in the past five years. In the 2013 financial year just ended, the company posted one billion, eight hundred and fifty four million (N1,854,276,000) revenue.  Whereas the Profit Before Tax (PBT) within the period stood at   one billion, two hundred and twelve thousand, one hundred and eighty six million naira (N1,212,186,000), the Profit After Tax (PAT), stood at Nine Hundred and fourteen Million, four hundred and fifty six thousand naira (N914,456,000). The earnings per share is 46 kobo.

[table type=”standard_minimal”]
[trow]
[thcol] [/thcol]
[thcol]DEC 2013[/thcol]
[thcol]DEC 2012[/thcol]
[thcol]DEC 2011[/thcol]
[/trow]
[trow]
[tcol] [/tcol]
[tcol]N[/tcol]
[tcol]N (Million)[/tcol]
[tcol]N (Million)[/tcol]
[/trow]
[trow]
[tcol][/tcol]
[tcol]’000 (Million)[/tcol]
[tcol]’000[/tcol]
[tcol]’000[/tcol]
[/trow]
[trow]
[tcol]REVENUE[/tcol]
[tcol]1,854[/tcol]
[tcol]1,034[/tcol]
[tcol]606,159[/tcol]
[/trow]
[trow]
[tcol]EXPENSES[/tcol]
[tcol]642[/tcol]
[tcol]366[/tcol]
[tcol]292,155[/tcol]
[/trow]
[trow]
[tcol]PROFIT BEFORE TAX[/tcol]
[tcol]1,212[/tcol]
[tcol]667[/tcol]
[tcol]314,004[/tcol]
[/trow]
[trow]
[tcol]TAX[/tcol]
[tcol]297[/tcol]
[tcol]105[/tcol]
[tcol]125,891[/tcol]
[/trow]
[trow]
[tcol]PROFIT AFTER TAX[/tcol]
[tcol]914[/tcol]
[tcol]561[/tcol]
[tcol]188,113[/tcol]
[/trow]
[trow]
[tcol]EARNINGS PER SHARES[/tcol]
[tcol]46 KOBO[/tcol]
[tcol]56KOBO[/tcol]
[tcol]188 kobo[/tcol]
[/trow]
[trow]
[tcol]DIVIDEND PER SHARES[/tcol]
[tcol]35KOBO[/tcol]
[tcol] [/tcol]
[tcol] [/tcol]
[/trow]

[/table]

 

The Register of members shall be closed between 17th and 21st of March 2014.  The qualifying date is March 14th 2014. This presupposes that all shareholders on the Register of members as at 14th March shall still be eligible for the 35 kobo dividends.

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