Shareholders of Ancoria Asset Management (AAM), a licensed Funds/Portfolio Manager, at its yearly general meeting, yesterday, approved a dividend payment totaling N258 million, representing a payout of 38 kobo per share.
The Company declared a profit of N1.8 billion, a remarkable 345 per cent increase from the previous year’s performance. Other highlights include 728 per cent growth in shareholders’ funds and 51 per cent increase in Assets Under Management (AUM). This result indicates strong investor confidence and effective portfolio management strategies for AAM.
At the event, the appointment of Esther Ugwu as Executive Director of Business Development & Investor Relations was ratified by shareholders at the AGM.
Ugwu brings over a decade of experience in business development and relationship management. The firm, in a statement, said her extensive experience and proven track record make it well-equipped to drive growth initiatives and strengthen relationships with investors and stakeholders.
Managing Director, Anchoria Asset Management, Folajimi Adeleye, said: “Esther’s appointment underscores Anchoria Asset Management’s commitment to fostering leadership excellence and innovation. Her dynamic leadership style and strategic vision will play a pivotal role in advancing the company’s objectives and expanding its market presence. We congratulate Esther on her new role and look forward to achieving new heights under her leadership.”
Speaking on the next steps for the company, the Chairman, Kelvin Orogun, mentioned that AAM will consistently strive to create long-term value and sustainable growth for its shareholders, employees, and customers. It remains focused on delivering superior investment solutions and building enduring partnerships.
