NB Proposes N13.87bn Total Dividend In 2022 Business
The company is recommending to shareholders at the forthcoming annual general meeting , the declaration of a total dividend of N13.873 billion, representing N1.43 per ordinary share of 50 kobo each.
The total dividend is comprised of an interim dividend of N3.288 billion, that is 40 kobo per share which was declared in October 2022, and a final dividend of N10.584 billion, that is N1.03, per share. The company, in its audited results for the year ended December 31, 2022, revealed a revenue growth of 26 per cent to N550.638 billion from N437.285 billion in 2021. Cost of sales grew by 22 per cent to N337.310 billion as against N276.872 billion in 2021, while gross profit stood at N213.328 billion, an increase of 33 per cent compared to N160.413 billion achieved in 2021.
Marketing, distribution & administrative expenses up by 33 per cent from N123.545 billion in 2021 to N164.558 billion in 2022, while operating activities rose by 25 per cent to N51.756 billion as against N41.494 billion in 2021.Meanwhile, profit after tax rose by four per cent to N13.187 billion from N12.672 billion in 2021, while basic earnings per share amounted to N1.58 in 2022 from N1.57 in 2021.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
24% of tokens created in 2022 were scams — ReportTwenty-four per cent of tokens created in 2022 share on chain characteristics of pump and dump schemes were scams according to Chainalysis.
Read more »
#NigeriaElection2023: Adeleke votes, commends BuhariThe Osun State Governor, Ademola Adeleke, has commended the President, Major General Muhammadu Buhari (retd), for signing the 2022 Electoral Act.
Read more »
Smartphone shipment to Africa drops to seven-year lowSmartphone shipments to the Middle East and Africa region fell to a seven-year low in 2022 due to high inflation and currency depreciation according to Counterpoint Research Market Monitor.
Read more »
Insurance sector records 12% growth – ReportNigeria’s insurance industry grew by 12.25 per cent in the fourth quarter of 2022, figures obtained from the National Bureau of Statistics have revealed.
Read more »
Excitement as entry opens for 9th AMVCAs | The Guardian Nigeria News - Nigeria and World NewsFollowing the eight-day extravagant eighth edition in 2022, the organisers of Africa Magic Viewers’ Choice Awards (AMVCAs), MultiChoice Nigeria and Africa Magic, are ready to roll out the red carpets for another year of recognising the best Nollywood talent.
Read more »
NPFL: Rangers begin preparation for second stanzaRangers have resumed training for the second stanza of the 2022/23 Nigeria Premier Football League season. The Flying Antelopes embarked on a one week
Read more »