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Despite 29 Percent Drop in Profit, CAP Plc Proposes N2.10kobo Final Dividend for 2020

Published

4 years ago

on

CAP Paint - Investors King

CAP Plc has declared a final dividend of N2.10kobo for every 50kobo ordinary share to shareholders on the Register of Members at the close of business on June 2, 2021 for consideration and approval of the Shareholders.

The company reported a 27 percent decline in operating income from N2.1 billion in 2019 to N1.5 billion in 2020. See the details below.

CAP Plc Financial Highlights

  • Gross earnings for the Company increased by 3.9% to N8.73 billion (2019: N8.4 billion);
  • Operating income for the Company decreased by 26.6% to N1.5 billion (2019: N2.1 billion);
  • Profit Before Tax for the Company decreased marginally by 29% to N1.8 billion (2019: N2.54 billion);
  • Profit for the year is N1.2 billion as against N1.7 Billion achieved in 2019;
  • The Company’s total assets grew to N8.5 billion from N6.76 billion in 2019

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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