Custodian Investment Plc has announced that it recorded gross revenue amounting up to N50.2 billion from N43.1 billion reported in 2017, representing a 17 per cent increase.
A review of the company’s audited result for the year ended December 31, 2018 showed that despite the challenging business environment in 2018, its profit before tax (PBT) rose to N9.5 billion from N8.9 billion posted in 2017 while total asset base and shareholders’ funds remained strong at N98.1 billion and N40.5 billion with year-on-year growths of 21.8 and 13.2 per cent respectively.
In line with the company’s tradition of reciprocating its shareholders’ loyalty, the Board of Directors recommended,subject to shareholders’ approval at the upcoming Annual General Meeting (AGM), the payment of a final dividend of 35 kobo.
This is in addition to the 10 kobo interim dividend that was previously paid to its shareholders, thereby making it a total dividend of 45 kobo per ordinary share of 50 kobo to be paid out of the results achieved in 2018.
The Managing Director, Custodian Investment Plc, Wole Oshin, said he was satisfied with the result considering the operational headwinds of the year 2018.
Oshin expressed optimism that the company will continue to thrive in all sectors in which it operates as it will be guided by its vision to always exceed stakeholders’ expectations in the delivery of services to its esteemed clients.
He added that the company will continue to be observant of high corporate governance standards and the recruitment and retention of highly skilled personnel while leveraging on innovation and bespoke technology for excellence.