APR Shareholders to Get 17 Kobo Interim Dividend

Africa Prudential Registrars Plc, Nigeria’s foremost Registrar firm at the meeting of its Board of Directors held on July 27, 2015 approved payment of interim dividend of Seventeen (17) Kobo per share to shareholders of the company. The total dividend money to be paid to shareholders is N340 million.

This disclosure was made when the company released its financial results for the period ended June 30, 2015. According to a statement from the company’s secretariat, payment of the dividend will be made on August 31, 2015 to all shareholders on the register of members of the company as at the qualifying date of August 18, 2015. The Register of Members and Transfer Books of the Company would be closed from Wednesday, August 19 to Monday August 24, 2015 (both dates inclusive) for the purpose of updating Register of Members eligible for the dividend payment.

In the half year results released to the Nigerian Stock Exchange (NSE), total assets of the company stood at N16.4 billion, while group revenue grew by 17% from N1 billion in 2014 to N1.18 billion in 2015. The Profit Before Tax grew by18% percent from N701.41 million in 2014 to N830.57 million in 2015, while the Profit After tax stood at N749.47 million. It grew by 26% from N596.39 million in 2014. Basic Earnings Per Share increased from N0.30k to N0.37k, a 23% growth.

The Managing Director/CEO, Mr. Peter Ashade noted that the company will always try to better its performance while ensuring that shareholders’ wealth are being maximised. It would be recalled t  hat APR Plc equally paid a thirty-five (35) Kobo dividend to shareholders for 2013 and 2014 financial year, respectively.

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