May& Baker Nigeria Plc has assured shareholders that the company has embarked on new investments that would boost performance, shareholders’ value and profitability.
Managing Director/Chief Executive Officer, May & Baker Nigeria Plc, Patrick Ajah ; Chairman, Senator Daisy Danjuma; Marina Nominees, Mrs Adetoun Abiru, at the 72nd yearly general meeting of May & Baker Nigeria Plc.held in Lagos.
Danjuma stated that the short to medium-term outlook of the company was promising and that the management was poised to restore the firm to the path of sustainable growth to take its rightful position in the industry. The company’s distribution, selling and marketing expenses increased by 19 per cent to N2.1 billion from N1.8 billion recorded in 2021 while administrative expenses rose marginally by one per cent, from N1.22 billion to N1.24 billion.This will apply to every shareholder whose name appears in the register of members as of the close of business on May 16, 2023.
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