Access Holdings’ Earnings Spike, Shareholders To Get N1.80 As Final Dividend
ACCESS Holdings’ annual profit increased by about 307% year on year, details from its audited financial statement released yesterday show.
Net profit settled at N169 billion at the end of December 2023, from N152 billion in the comparable period in 2022.
The top line grew from N1.387 trillion in 2022 to N2.594 trillion in 2023, an approximate 87% annual increase.
The financial services boutique announced that its net foreign exchange gain declined by 50% to N17.254 billion year on year.
The company also revealed plans to pay a final dividend of N1.80 for every ordinary share of 50k to its shareholders for the 2023 financial year.
The payment, slated for 19 April, will be made electronically and is subject to appropriate withholding tax.
Mr Sunday Ekwochi, the Company Secretary of Access Holdings, disclosed this in a notification to the Nigerian Exchange Ltd. (NGX) on Wednesday in Lagos.
Ekwochi clarified that only shareholders whose names appear on the Holdings Register of Members as of the close of business on April 10 would be eligible for the dividend.
Ekwochi said shareholders who had completed the e-dividend registration and mandated the Registrars to pay their dividends directly into their bank accounts would be paid.
This proposed final dividend brings the total dividend for the 2023 financial year to N2.10 per share.
Eighteen-Eleven Media
