The shareholders of NAHCO Aviance have been paid a gross dividend of 12.50 kobo per ordinary share of 50 kobo each, amounting to N203m.
The Chairman of the Board of Directors, Dr Seinde Oladapo Fadeni, announced this during the 40th Annual General Meeting of the company at Ikeja, in Lagos last week.
Notwithstanding the estimated loss of about N7bn because of the COVID-19 pandemic in 2020, which had a profound effect on the handling company's performances, NAHCO managed to keeps its head above water and chose to reward its shareholders for their continued support.
Revenues for the company, however, dipped by 27% to N7.330bn, while gross profits were put at N2.285bn for the financial year ended December 31, 2020.
