Malam Bello Rabiu, the Board Chairman, disclosed this in at the company’s 29th Annual General Meeting , in Abuja on Tuesday.
“Despite the challenges faced in the country, NETCO was able to record a total profit before tax of N6.75billion, which represents an increase of 107 per cent of from N3. 26billion in 2017. He added that the operation clean profit of the company increased by 130 per cent from N2. 07 billion in 2017 to N4. 75 billion in 2018.“Following the leap in profit performance, I am happy to announce that this year NETCO surpassed last year’s highest dividend record of N750 million as the company will be declaring a dividend of N1. 50 billion times to its shareholders at this AGM.
He said that the company’s authorised share capital remained one billion ordinary shares of N1. 00 each, adding that in years 2018 it issued share capital stood at 0ne billion of N1. 00 per share fully paid.
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