NESTLE NIGERIA PLC – Audited Financial Result for the Year Ended 31st December, 2016
Revenue: 20% increase from N151.3bn to N181.9bn
Profit after Tax: 67% decrease from N23.7bn to N7.9bn (FY 2016 EPS, N10.00; FY 2015 EPS, N29.95)
Proposed Dividend: N10.00 (2015, N19.00)
Proposed Bonus: Nil
Closure Date: 8th – 12th May, 2017
AGM Date: 23rd May, 2017
Payment Date 24th May, 2017
AGM Venue: Muson Centre, Onikan, Lagos
CORNERSTONE INSURANCE PLC – Appointment of New Directors
Cornerstone Insurance Plc. has announced the appointment of Ms. Elizabeth Amadiume and Mr. Tony Egbuna as Directors of the Company.
Elizabeth is presently a member of the Board of Directors of the African Reinsurance Corporation (South Africa) Limited, while Tony was a consultant on Risk Management and Internal Controls at Jefferson Wells, Charlotte, NC, USA.