A.G. Leventis Recommends 10kobo Dividend Despite N177million Loss After Tax

A.G. Leventis Plc released its audited result for 2015 on the Nigerian Stock Exchange, NSE, on Monday, June 13 with a 38.3 percent to N329.4 million plunge in profit after tax from N534.04 million, while a loss after tax of N176.986 million was recorded as against a profit after tax of N270.6 million in 2014.

While the company recorded a 6.3 percent a rise in revenue to N12.54 billion from N11.79 billion during the same period of 2014, net assets declined by 3.14 percent or N294.9 million to N9.09 billion from N9.39 billion.

However, the company proposed a final dividend of 10 kobo to be paid on 9th September, 2016 if approved by shareholders at its Annual General Meeting scheduled to be held on the 8th of September, 2016.