LAFARGE AFRICA PLC – Audited Financial Result for the Year Ended 31st December, 2016
Revenue: 18% decrease from N267.2bn to N219.7bn
Loss before Tax: N22.8bn (2015: N29.3bn profit)
Tax Credit/Charge: N39.7bn credit (2015: N2.1bn charge)
Profit after Tax: 38% decrease from N27.2bn to N16.9bn (FY 2016 EPS, 315 kobo; FY 2015 EPS, 574 kobo)
Proposed Dividend: 105 kobo (2015: 300 kobo)
Proposed Bonus: Nil (2015: 1 for 10)
Closure Date: 23rd – 29th June, 2017
AGM Date: 7th June, 2017
Payment Date: 7th June, 2017
In addition to the release of its result, LAFARGE AFRICA PLC also announced the resignation of Mrs. Adepeju Adebajo as an Executive Director of the Company. Her resignation was informed by her appointment as Honourable Commissioner for Agriculture by the Ogun State Government.
GREIF NIGERIA PLC – Price Adjustment for Dividend
The share price of Greif Nigeria Plc. was adjusted today for a dividend of 60 kobo per share as recommended by the Board of Directors of the Company. Its last closing price was N9.69; hence, its ex-div price was N9.09.
STANBIC IBTC HOLDINGS PLC – Resignation of Chairman
Stanbic IBTC Holdings Plc. has announced that the Chairman of its Board of Directors, Mr. Atedo N.A. Peterside, CON, will resign his position with effect from 31st March, 2017. Atedo will however remain a Non-Executive Director on the Boards of both Standard Bank Group Limited and The Standard Bank of South Africa Limited.
The Board will appoint a new Chairman at its meeting scheduled to hold in April 2017.