CORPORATE ACTIONS: New bosses and 2 become 1

CORPORATE ACTIONS: New bosses and 2 become 1

Corporate Actions Corporate actions are decisions taken by companies’ boards of directors or management teams, that could have impact on the firms themselves or shareholders.

Examples of corporate actions include the payment of dividends, closing of shareholders’ registers, announcing qualification dates and Annual General Meeting (AGM) dates. Corporate Actions that took place last week

CRe FY 2018 results

Continental Reinsurance Plc released its audited results for the 2018 financial year.

Gross premium written increased from N29.6 billion in 2017 to N34.1 billion in 2018. Profit before tax increased from N3.9 billion in 2017 to N4.3 billion in 2018. Profit after tax also rose from N3.1 billion in 2017 to N3.3 billion in 2018. Sweet results

Cadbury Nigeria Plc released its full year 2018 results. While revenue rose marginally, profit after tax jumped by 176% to N823 million. The company declared a dividend of N0.25 per share. Salty results

NASCON Allied Industries Plc released its results for the 2018 financial year. There was a decline in all indices: revenue, profit before tax and after tax. This affected dividend payment, as it dropped from N1.50 in 2017 to N1.00 in 2018. Oily results

11 Plc (formerly Mobil Oil Nigeria) released its full year 2018 results. Revenue rose by 30%, while profit after tax rose by 24%. The company also raised its dividend slightly to N8.25, up from N8 in 2017. Julius Berger Plc

The construction giant released its full-year 2018 results. Topline and the bottom line showed significant improvement. Revenue increased by 37% while profit after tax jumped 142% to N6.1 billion in 2018.

This also filtered to shareholders as the company has declared a dividend of N2 per share. A losing lottery

Secure Electronic Technology Plc released its full year 2018 results. Revenue declined and the firm made a N152 million loss after tax. The company is into lottery and gaming products. A beerish loss Champion Breweries Plc also released its full year 2018 results. The firm made a loss after tax of N263 million which it attributed to the increase in excise duties and a challenging operating environment. A new boss at Cadbury Cadbury Nigeria Plc also announced several key management changes.Mrs Olayimika Adeboye was appointed as Managing Director effective 1st of April, 2019. Adeboye is the first female MD in Cadbury Niggeria;s over five decades of existence . Prior to her appointment, […]

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