UAC’s shareholders approve N1.8b for 2010 dividend
Category: Investors NewsBeat
June 16, 2011
Shareholders of UAC Plc, yesterday, approved a proposal by the board of the company to pay N1.10 dividend, amounting to N1.8 billion for the year ended December 31,2010.
Also in his address during the company’s yearly general meeting yesterday, Chairman of UAC Nigeria Plc, Senator Udoma U. Udoma, said various measures taken to transform the business point towards a bright future.
For the period under review, the group achieved a turnover of N52.3 billion against N56.6 billion for 2009, a decline of 7.6 per cent, while profit before taxation was N7.0 billion against N8.08 billion for 2009, representing 13 per cent decline. Profit after tax and non-controlling interest stood at N3.2 billion.