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Custodian and Allied investors laud performance


Photo; chasmic-research

Photo; chasmic-research

SHAREHOLDERS of Custodian and Allied Plc have commended the board and management of the company for the good performance recorded by the company in spite of challenges in the economy.

The investors speaking at the 20th yearly general meeting of the company held in Lagos, commended the management and staff for the good financial performance which led to payment of six kobo per share interim dividend in September 2014 and the additional payment of 12 kobo per share as final dividend thus making a total dividend payment of 18 kobo per share.

One of the shareholders said “Mr Chairman, we want to congratulate you, the management and staff for your achievement, and we pledge our support for the company to march forward in spite of challenges in the economy.

The Chairman of the company, Chief Michael Ade Ojo, in response thanked the investors, assuring that the company will continue to work harder to meet the expectations of investors.

In the financial report, he said, “In spite of the tough national economy, regulatory headwinds and myriad of challenges of 2014, I am pleased to report to you that our company did not only survive but progressed on all fronts during the year. Specifically, the group’s gross revenue crossed the N25 billion mark for the first time, profit before tax rose by 18.73 per cent to N5.1 billion while earnings per share rose by 11 per cent to 70 kobo.

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