Vivo is a stock to watch for investors with an eye to benefiting from African economies’ growth, says the writer. Picture: SUPPLIED, which operates Shell and Engen-branded fuel stations in Africa, more than doubled its final dividend in its year to end-December, reporting a bump to profits from its recent acquisition of Engen fuel stations.
Gross profit for the year rose 8% to $675m , with the group more than doubling its final dividend to 2.7 US cents per share. It total dividend rose 15% to 3.8c. In March 2019 Vivo added 230 new stations in eight African countries when it completed its transaction with Engen.“We have built momentum into 2020 and are excited about the 12 months ahead, as we look forward to delivering another year of strong growth,” said CEO Christian Chammas.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AdvTech profits to rise after Monash SA acquisitionThe group is expecting HEPS to have risen as much as 23% in its year to end-December
Source: BDliveSA - 🏆 12. / 63 Read more »