In recognition of its unwavering commitment to quality service, productivity, and best-in-class profitability, Africa Prudential Registrars Plc, a leading Nigerian registrar has received a double award at the prestigious Pearl Awards. The company was announced the winner and presented with the awards – Best Profit Margin Ratio, and Best Corporate Governance – at the 20th Pearl Awards Dinner held at the weekend in Lagos.
In the Market Excellence category, APR Plc won the award for Best Profit Margin Ratio, beating every other listed company in Nigeria. In 2014, it led the entire group of listed companies by profit margin with a distance at 54%, the closest rival being 40.7% by Dangote Cement.
APR Plc also won the Best Corporate Governance in the Special Recognition category, making her awards two on the night. Other nominees in this category are Total Nigeria Plc and Custodian and Allied Plc.
Organizers of the Pearl Awards noted that it was established to reward corporate excellence, thereby challenge and spur quoted companies to explore innovative and competitive approaches towards achieving outstanding performance and growth. Therefore, nominees and eventual winners were selected through a verifiable and objective award selection process.
Peter O. Ashade, Managing Director/CEO of APR Plc who was on hand with directors and management team of the company to receive the award said, “despite the feat recorded by the company on profit margin ratio, we will always strive to improve our performance year-on-year, particularly when it comes to ability to convert revenue into profit.”
Chief (Mrs) Eniola Fadayomi, Chairman of the company also explained that the Best Corporate Governance Award highlights that the Board and Management of the company have been working in harmony. She assured stakeholders that the company will continue to protect their interests while ensuring international best practices in corporate governance.
APR Plc has steadily recorded a positive return on investment for its numerous local and international investors. In the current financial year, the company has already paid 17 Kobo interim dividend per share to its shareholders. It would be recalled that a thirty-five (35) Kobo dividend was paid to shareholders for 2013 and 2014 financial year, respectively.
Mr. Peter Ashade, Managing Director/CEO, Africa Prudential Registrars Plc (middle) receives the Best Corporate Governance Award for his company from Mazi O.C.K. Unegbu (L), Former CIBN President & Member, PEARL Awards Board of Governors, and Alhaji U.F. Abdullahi, Chairman, PEARL Awards Nigeria & Former Registrar-General, Corporate Affairs Commission at the 20th Pearl Awards Dinner in Lagos recently.