Shareholders of the Central Securities Clearing System Plc will get dividends amounting to N3.5bn for the 2018 financial year.
The Chairman, CSCS, Mr Oscar Onyema, while speaking at the company’s Annual General Meeting in Lagos, said the board of directors proposed a dividend of 70 kobo per share, which amounted to N3.5bn.
He said during the year under review, the company grew its profit before tax to N6.09bn from N5.66bn in 2017.
Onyema said the company would continuously strive to create value for shareholders by developing products and services in addition to its core business.
He stated that despite the socio-economic developments and political agitations, the company performed well.
He added that the performance could be attributed to several factors including the primary market segment, which witnessed listing of two companies ― Notore Chemicals Industries Plc and Skyway Aviation Handling Company Plc.
He said marketing efforts had been re-energised to establish the company as a leader in the document management services space with clientele across several business sectors and in government.
According to him, the company will continue to ensure that it attracts the best-in-class professionals to help support its management in strategy execution.
Onyema added that the company would continue to stretch itself to ensure that its strategic objectives were met so as to achieve long-term value creation for shareholders and stakeholders.
The Chief Executive Officer, CSCS, Mr Haruna Jalo-Waziri, said the company remained committed to enhanced return and service delivery.
He said, “We have continued to strengthen our interaction and influence within and outside of the Nigerian capital market by cultivating and maintaining partnerships that promote similar interests and values.
“We will undertake extended work on data governance that will further group and map data to business units and define access rights for both internal and external stakeholders.