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Fidson proposes 20 Kobo Post Listing dividend to shareholder




Proshare NI

December 03, 2008 at 16:20 GMT


Healthcare Giants Fidson Healthcare Plc (Fidson) has proposed a 20 Kobo dividend payout to shareholders of the company in its June 30, 2008 Financial Year End (FYE).

This was contained in the company’s result released today on the Floors of the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to Proshare NI.

The document affirmed that the Board of Directors (BOD) are recommending a dividend of 20 kobo per share; which would be approved at the Annual General Meeting (AGM) of the company.

However, before its listing on the Stock Exchange, Fidson at is last FYE June 30, 2007 declared and paid a dividend of N2.27 in addition to a bonus issue of 2 for 1 Ordinary Share to existing investors of the company.

Proshare NI in a telephone chat with Fidelis Ayebae, Managing Director/Chief Executive Officer (MD/CEO) of Fidson;  sought to confirm the proposed 20 Kobo post listing dividend for shareholders of the company, but he declined to make comments; affirming he was out of the country.

“I cannot make comments now on this; due to the fact that I am out of the country, but when I come back over the weekend I will oblige you an interview” he said.

Turnover of Fidson increased from N3.30 billion in year 2007 to N4.50 billion in year 2008 indicating an increase of 36.36 percent in the review period.

Profit before Tax (PBT) also rose from N510 million in year 2007 to N530 million in year 2008 showing a slight rise of 4.18 percent.

While Profit after Tax (PAT) decreased from N510 million in 2007 to N190 million in year 2008 representing a decline of -62.74 percent in the period under review.

In the same vein, Fidson released its First Quarter (Q1) result for the period ended September 30, 2008 today on the NSE. Turnover increased by 143.11 percent from N620 million in 2007 to N1.50 billion in 2008.


PBT also grew from N40 million in year 2007 to N180 million in the corresponding year of 2008 indicating a growth of 422.86 percent.


While PBT also rose from N40 million in the Q1 of year 2007 to N140 million in year 2008 showing a rise of 294.29 percent in the review period.


As earlier reported by Proshare NI, Fidson on June 04, 2008, listed 1.5 billion Ordinary Shares of 50 Kobo each at N7.50 Kobo per share on the Floors of the NSE.





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