Custodian & Allied PBT up 31% H1, declares interim dividend of 10k per share

Custodian and Allied Plc, a leading non-bank financial institution quoted on the Nigerian Stock Exchange (NSE) with investments in life and non-life insurance, pension fund administration, trusteeship and property holding businesses, has announced an impressive result for the half year ended 30th June 2017.

The Group’s profit before tax improved by 31 percent from N3.6 billion achieved in the first half year of 2016 to N4.7 billion and profit after tax rose to N3.8 billion from N2.9 billion of 2016.

In the statement filed with the Nigerian Stock Exchange, the directors have recommended the payment of an interim dividend of 10 kobo for every 50 kobo ordinary share of the company, an increase of 43 percent over the 7 kobo interim dividend paid in 2016.

The directors are confident that, barring unforeseen unfavourable circumstances, the positive trend would be sustained for the rest of the year