BERGER PAINTS NIGERIA PLC – End of Gratuity Scheme; Staff Strike Action
Berger Paints Nigeria Plc. has announced that consequent to its Board of Directors’ decision to exit its gratuity scheme in December 2015, some members of its staff have embarked on a peaceful strike action. The Company however noted that this strike action is restricted to its head office and will not negatively affect its operations as its several outlets nationwide are open for business.
UPDC REAL ESTATE INVESTMENT TRUST – Audited Financial Result for the Year Ended 31st December, 2016
Gross Income: 36% decrease from N2.9bn to N1.9bn
Profit after Tax: 49% decrease from N3bn to N1.5bn (FY 2016 EPS, 57 kobo; FY 2015 EPS, 112 kobo)
Proposed Final Distribution: 2016: 24 kobo (2015: 41 kobo) (Total Distribution: 2016, 47 kobo; 2015, 84 kobo)