Shareholders of Africa Prudential Registrars Plc unanimously ratified a total dividend payment of sixty (60) Kobo per ordinary share for the period 2015 financial year at the company’s Annual General Meeting (AGM) held in Lagos on Tuesday, April 1 2, 2016. The final dividend of forty-three (43) Kobo rounds up to sixty (60) Kobo total dividend for the period, having paid an interim dividend of seventeen (17) Kobo on August 31, 2015 after the release of its half-year financial results. The company’s audited results for 2015 shows a total of N1.2 billion will be paid to shareholders of the company
Payment of the final dividend will be made on April 13, 2016 to all shareholders on the register of members of the company as at the qualifying date of March 22, 2016. Meanwhile, the Register of Members and Transfer Books of the Company was closed from Wednesday, March 23 to Tuesday March 29, 2016 (both dates inclusive) for the purpose of updating Register of Members eligible to receive the dividend payment.
The company’s results, as released to the Nigeria Stock Exchange, and published to shareholders for the period ended December 31, 2015, N2.54 billion gross earnings was recorded, representing a 15% growth from N2.20 billion in 2014. Likewise, the Profit Before Tax (PBT) for the period grew by 25% from N1.3 billion in 2014 to N1.6 billion in 2015. By the performance, expense only grew by a marginal 1% from N904 million to N913 million. In a similar trend, basic earnings per share grew by 18% — from 61 Kobo to 72 Kobo.
Mr. Peter Ashade, Managing Director/CEO assured all stakeholders that the company will always consider better business models in growing investors’ wealth. “Our corporate objectives for the year 2015 was to better position our business to withstand the expected headwinds for the financial year by focusing on some key areas. Our achievements in these key areas include: expansion in product offerings, improved cost optimization, more social media trendy, increased profitability, and consistent dividend pay-out” he explained.
In her statement to shareholders, Chairman of the company, Chief (Mrs.) Eniola Fadayomi explained that APR Plc has put strategy in place to provide clear direction for the deployment of its resources. The Company’s vision is to create long-term and sustainable value for stakeholders in its chosen markets. In order to realise this long-term objective, the Company is making concerted effort to identify and take advantage of every investment opportunity that will complement its goals. “The Company will place particular emphasis on the deployment of its own software in order to maximise efficiency in the business” she added.
While speaking with the media at the event, Dr. Umar Faruk, President, Association for Advancement of Rights of Nigerian Shareholders commended APR Plc for its laudable commitment to increasing shareholders’ wealth. He noted that shareholders are very happy to have invested in the shares of the company.
It would be recalled that APR Plc won a double award at the prestigious Pearl Awards in 2015. In recognition of its impressive performance, the company was announced winner and presented with the Best Profit Margin Ratio, and Best Corporate Governance Awards.
l-r: Managing Director/CEO, African Prudential Registrars Plc, Mr. Peter Ashade; Chairman, Chief(Mrs) Eniola Fadayomi; and Company Secretary, Mr Musa Bello, at the 3rd Annual General Meeting of the company held in Lagos.