African Prudential Registrars to pay dividend today


Shareholders of African Prudential Registrar Plc (APR) will receive their final 43 kobo dividend that was declared for the full year ended December 31, 2015.

The board of directors got shareholders approval at the company third annual general meeting in Lagos yesterday. This is coming after shareholders were paid 17 kobo interim dividend in August last year, which makes the total pay-out to be 60 kobo.

The company recorded N2.54 billion gross earnings, representing a 15 per cent growth from N2.20 billion in 2014. Likewise, the Profit Before Tax (PBT) for the period grew by 25 per cent from N1.3 billion in 2014 to N1.6 billion in 2015.

By the performance, expense only grew by a marginal one per cent from N904 million to N913 million. In a similar trend, basic earnings per share grew by 18 per cent from 61 Kobo to 72 Kobo.

Managing Director/CEO, Mr. Peter Ashade, assured all stakeholders that the company would always consider better business models in growing investors wealth. While urging the shareholders in the area of marketing in order to bring more business to the company.

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.

On her part, Chairman of the company, Chief (Mrs.) Eniola Fadayomi explained that the company has put strategy in place to provide clear direction for the deployment of its resources.

The company 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.

Meanwhile the got approval from shareholders to commence the distribution of its annual reports through electronically to some investors that are not in the country.

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