CAP posts 3.86% profit growth, proposes N1.15 dividend


displayThe Nigerian Stock Exchange today published the Chemical and Allied Products’ financial results for the six month period ending 30th September 2015, which showed that profit before and after tax rose 3.86 per cent to N1.724 billion and N1.172 billion respectively.

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The company posted a 0.86 per cent increase in revenue to N5.098 billion from N5.054 billion recorded in the prior period of 2014. Earnings per share increased 3.73 per cent to N1.67 from N1.61 per share.

Meanwhile, CAP Plc has proposed N1.15k dividend to be paid 15 December 2014 with company register closing on 23-27 November 2015.

The company listed on the main board of the NSE under the Industrial goods sector is trading at N38 per share. It has N26.6 billion in market capitalization and 700 million shares outstanding.

Babatunde Akinsola
Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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