With companies balancing their 2019 financial account, cscs has made payment to it's shareholders followed the approval of the shareholders at the company’s virtual AGM by proxy held at the Nigerian Stock Exchange (NSE) event centre in Lagos on Friday, May 22.
Chairman of the securities depository company, Mr Oscar Onyema, noted that
These sets of results and impressive returns to shareholders are commendable, particularly when put in the perspective of the relatively weak liquidity in the market in 2019.
“This feat reflects the tenacity of the management in diversifying the business and commitment to cost efficiency.
“Whilst transaction fees waned, it is satisfying that CSCS sustained both top and bottom-line growths, with revenue and profit before tax of N9.1 billion and N6.3 billion respectively,” Mr Onyema said.
The CSCS dividend translated to 86 kobo per share, which is 16 kobo higher than the 70 kobo per share paid in the previous year.
Chairman of the securities depository company, Mr Oscar Onyema, noted that
These sets of results and impressive returns to shareholders are commendable, particularly when put in the perspective of the relatively weak liquidity in the market in 2019.
“This feat reflects the tenacity of the management in diversifying the business and commitment to cost efficiency.
“Whilst transaction fees waned, it is satisfying that CSCS sustained both top and bottom-line growths, with revenue and profit before tax of N9.1 billion and N6.3 billion respectively,” Mr Onyema said.
The CSCS dividend translated to 86 kobo per share, which is 16 kobo higher than the 70 kobo per share paid in the previous year.