Otedola's Geregu Power reports 58% rise in net profit
Femi Otedola Geregu Power checked in roughly A three fifth leap In net profit has N16.1 billion For last year After notable improvement In key income sources, THE power generator business said Tuesday In It is checked earnings report.
Actions In THE business appreciated 4.6 by hundred In Lagos After THE news hit THE walk, manufacturing he THE second most efficient action of THE day.
THE second publicly issued checked account of THE business, which was listed on THE Nigerian Exchange In October 2022, watch income has N82.9 billion, 74.1 by hundred upper that THE figure job A year there is.
THE driver of growth was increase income Since energy sold even However THE species won Since ability charge contributed has turnover almost has THE even rate.
Cost of sales accelerated by 71 by hundred has N38.1 billion, has THE mercy of Nigeria pupil price levels, which touch their peak In almost three decades In THE last month of THE year, conduct up THE the company expenses on logistics significantly.
THE business East control by billionaire magnate Femi Otedola, WHO income This month has THE Forbes Africa Billionaire Hint After fall disabled THE list about Seven years There is. Her back of It is debt has THE sharp increase In THE assessment of Geregu Power, of which actions to have income 264 by hundred In 52 weeks.
Geregu Power spent N6.4 billion has revision plants And machinery during THE year. That component alone accounted for For almost half of administrative expenses.
Before taxes profit stood has N24.4 billion, move forward by 60.8 by hundred, while after taxes profit pink has N16.1 billion Since N10.2 billion A year before.
THE business plans has pay shareholders N8 by share as A dividend, which will take It is payment has N20 billion For THE year.
That will earn M Otedola N15.9 billion In species reward, considering THE 78.6 by hundred bet he is holding In THE company.
ALSO READ: Otedola Geregu Power reports 13% leap In nine months profit in the middle of soaring deficiency lossAgain, THE dividend proposal keep on going THE worrying tradition of using more that THE net profit of THE business has pay dividends has shareholders, force THE business has soak In It is retained earnings has TO DO up For THE payment.
THE move calls has question THE caution of THE advice which, In THE penultimate year, declared N21 billion as A dividend When net profit was only N10.2 billion.
If THE orient yourself keep on going, he can strain THE Rising of species reinvested In THE business Since THE previous year, force THE capital influx In THE the company operations.
Already, THE balance leaf watch that total equity fell has N45.2 billion Since N49.1 billion, with lower retained earnings be THE conduct postman.
Support PRIME TIMES' journalism of integrity And credibility GOOD journalism costs A plot of money. Again only GOOD journalism can ensure THE possibility of A GOOD Company, A indebted democracy, And A transparent government. For continued free to access has THE best investigator journalism In THE country We ask You has consider manufacturing A modest support has This noble effort. By contributing has PRIME TIMES, You are portion has sustain A journalism of relevance And ensure he remains free And available has everything. Make a donation
Femi Otedola Geregu Power checked in roughly A three fifth leap In net profit has N16.1 billion For last year After notable improvement In key income sources, THE power generator business said Tuesday In It is checked earnings report.
Actions In THE business appreciated 4.6 by hundred In Lagos After THE news hit THE walk, manufacturing he THE second most efficient action of THE day.
THE second publicly issued checked account of THE business, which was listed on THE Nigerian Exchange In October 2022, watch income has N82.9 billion, 74.1 by hundred upper that THE figure job A year there is.
THE driver of growth was increase income Since energy sold even However THE species won Since ability charge contributed has turnover almost has THE even rate.
Cost of sales accelerated by 71 by hundred has N38.1 billion, has THE mercy of Nigeria pupil price levels, which touch their peak In almost three decades In THE last month of THE year, conduct up THE the company expenses on logistics significantly.
THE business East control by billionaire magnate Femi Otedola, WHO income This month has THE Forbes Africa Billionaire Hint After fall disabled THE list about Seven years There is. Her back of It is debt has THE sharp increase In THE assessment of Geregu Power, of which actions to have income 264 by hundred In 52 weeks.
Geregu Power spent N6.4 billion has revision plants And machinery during THE year. That component alone accounted for For almost half of administrative expenses.
Before taxes profit stood has N24.4 billion, move forward by 60.8 by hundred, while after taxes profit pink has N16.1 billion Since N10.2 billion A year before.
THE business plans has pay shareholders N8 by share as A dividend, which will take It is payment has N20 billion For THE year.
That will earn M Otedola N15.9 billion In species reward, considering THE 78.6 by hundred bet he is holding In THE company.
ALSO READ: Otedola Geregu Power reports 13% leap In nine months profit in the middle of soaring deficiency lossAgain, THE dividend proposal keep on going THE worrying tradition of using more that THE net profit of THE business has pay dividends has shareholders, force THE business has soak In It is retained earnings has TO DO up For THE payment.
THE move calls has question THE caution of THE advice which, In THE penultimate year, declared N21 billion as A dividend When net profit was only N10.2 billion.
If THE orient yourself keep on going, he can strain THE Rising of species reinvested In THE business Since THE previous year, force THE capital influx In THE the company operations.
Already, THE balance leaf watch that total equity fell has N45.2 billion Since N49.1 billion, with lower retained earnings be THE conduct postman.
Support PRIME TIMES' journalism of integrity And credibility GOOD journalism costs A plot of money. Again only GOOD journalism can ensure THE possibility of A GOOD Company, A indebted democracy, And A transparent government. For continued free to access has THE best investigator journalism In THE country We ask You has consider manufacturing A modest support has This noble effort. By contributing has PRIME TIMES, You are portion has sustain A journalism of relevance And ensure he remains free And available has everything. Make a donationWhat's Your Reaction?
