Directors of African Prudential Registrars Plc (APR) last week recommended a dividend of N860 million for the year ended December 31, 2015, which translates into 43 kobo per share.
The dividend will be paid to shareholders of the company as from April 13, 2016, a day after the annual general meeting (AGM) of the company. Details of the audited results of APR Plc showed that the company recorded revenue of N2.543 billion in 2015, up from N2.20 5billion in 2014. Net investment income rose from N1.125 billion to N1.349 billion. Personnel expenses rose from N243 million to 324 million, while other expenses reduced from N680 million to N532 million.
APR Plc ended the year with a profit before tax of N1.629 billion, compared with N1.300 billion in 2014, while profit after tax stood at N1.447 billion, up from N1.218 billion in 2014.
Earnings per share grew from 61 kobo to 72 kobo hence the directors recommended a dividend of 43 kobo per share, compared with 35 kobo paid in respect of 2014.
APR Plc last year two awards from the Pearl Award Project in recognition of its commitment to quiality service, productivity, profitability, Africa Prudential Registrars Plc. The company received the Best Profit Margin Ratio and Best Corporate Governance at the 20thPearl Awards dinner in Lagos last November.
Managing Director/CEO of APR Plc, Peter Ashade, had said: “Despite the feat recorded by the company on profit margin ratio, we will always strive to improve our performance year-on-year, particularly when it comes to ability to convert revenue into profit.”
Chairman of the company, Chief (Mrs.) Eniola Fadayomi, had also explained that the Best Corporate Governance Award highlighted that the board and management of the company have been working in harmony.
She assured stakeholders that the company would continue to protect their interests, while ensuring international best practices in corporate governance.
APR Plc has steadily recorded a positive return on investment for its numerous local and international investors. Since its listing on the Nigerian Stock Exchange, the company has paid 70 kobo. The 43 kobo dividend for the 2015 financial year would bring the total dividend so far paid by the company to 113 kobo. APR Plc, formerly UBA Registrars Limited, is the only registrar firm listed on the Nigerian bourse.