Proshare Logo
   Market Date: 23-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Berger Paints Pays 50 Kobo Dividend

Category: Capital Market

  Read (1333)
Berger Paints Pays 50 Kobo Dividend

By Eromosele Abiodun, 06.15.2010 

Shareholders of Berger Paints Plc have been rewarded with a dividend of 50 kobo per share for the year ended December 31, 2009 as against a 30 kobo dividend paid in 2008. Chairman of the company, Mr. Clement Olowokande, who announced the payment at the company's Annual General Meeting (AGM), held in Lagos last week, said that the payment was in fulfilment of the promise that the firm would resume dividend payment.


He said that the economic environment for the year under review was harsh and therefore impacted negatively on its operations and businesses generally. In spite of all these challenges, Olowokande said he was confident that the company would end the year 2010 stronger and take the advantage of the opportunities these challenges and crisis present.


He said that the company's turnover declined from N2.53 billion to N2.37 billion in the year under review.  But profit after tax rose marginally from N953.34 million to N983.43 million. “Both volume and turnover declined when compared with the same period last year, but operating profit recorded a boost due to the focused attention the board placed on productivity, efficiency and cost management. The collaborative effort of board and management on cost leadership strategy gave us a competitive edge,” he said.


Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Capital Market

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014