LIVE UPDATES
Chemical and Allied Products Plc shareholders have given their approval for a final dividend of N1.55 per 50 kobo ordinary shares at the company's 59th Annual General Meeting in Lagos.
The total dividend payout for the 2023 financial year is N1.26 billion, according to Company Secretary/General Counsel Aramide Nwokediuko.
CAP Plc also reported a 24% increase in revenue, reaching N23.9 billion, and a 10% growth in profit before tax to N3.8 billion.
The company's net profit for the year increased by 6% to N2.5 billion, with earnings per share at 309 kobo.
Shareholders also approved the re-election of Directors and the appointment of a new Director.
The Board of CAP will meet in Lagos on July 22, 2024, to consider the company’s unaudited financial statements for the quarter ended June 30, 2024.
