The proposed dividend, according to the statement will be paid on December 16, 2013; while closure of register for qualified shareholders for the dividend is between December 2 and 6, 2013.
The company’s revenue for the period grew by 5 per cent from N166.389 billion in the corresponding period of 2012 to N174.331 billion; but profit after tax went down by 12 per cent when it dropped to N3.260 billion form N3.720 billion; profit before tax went down to N5.147 billion from N5.672 billion; representing a drop of 9 per cent; while basis earnings per share dropped to N9.60 from N10.96.
Meanwhile; after a rebound on Tuesday, trading on the floor of Nigerian Stock Exchange (NSE) closed in red on Wednesdaywhen market capitalisation closed at N11.941 trillion after depreciating by N45.198 billion as against N11.986 trillion recorded on Tuesday; while the All-Share Index closed at 37,373.09 basis points after it went down by 141.46 points or 0.37 per cent as against 37,514.55 points recorded on Tuesday.
In all, investors exchanged a total of 596.646 million shares valued at N3.543 billion in 5,043 transactions as against 294.416 million shares; valued at N3.208 billion in 5,150 deals with the financial services sector accounting for a total of 509.928 million shares; valued at N2.401 billion in 2,887 transactions as against 238.827 million shares; valued at N1.944 billion in 3,068 transactions recorded on Tuesday.
Petroleum marketer, MRS, led the gainers’ table with a gain of 273 kobo; followed by Cadbury Nigeria which grabbed 270 kobo; while Presco, Nigerian Breweries and UACN Property Development Company notched 50 kobo; 49 kobo and 28 kobo; respectively; among others.
Building materials’ Lafarge Cement WAPCO led the decliners’ table when it lost 330 kobo; followed by construction major, Julius Berger Nigeria which dropped 200 kobo; PZ Cussons Nigeria shed 138 kobo; Unilever depreciated by 98 kobo; while Access Bank went down by 45 kobo; among others.