WorldStage Newsonline– Tripple Gee & Company Plc, a manufacturer of financial instruments, secure and commercial documents, labels and flexible packaging materials has confirmed a final dividend of N0.055 per N0.50 share for the year ended 31 March 2020.
In a note sent to the Nigerian Stock Exchange (NSE) signed by Mrs M.A Sode, Company Secretary, shareholders whose names appeared in the company’s register at the close of business on 31 August 2020 will qualify for the dividend while the register will be closed from Tuesday 1st to 4th September 2020.
The Company Secretary confirmed that the dividend will be paid electronically on 22nd September 2020, while shareholders will be advised on the date for the annual general meeting on 16 September 2020.
Tripple Gee had earlier released its audited financial statements for the year ended 31 March 2020 with profit after tax (PAT) of N37.535 million, a 36% growth from N27.613 million in 2019.
The company with over 37 years in the print business grew its turnover by 68% from N784.795 million to N1.32 billion in 2020.
The company had also released its unaudited financial statements for the first quarter ended 30 June 2020 with loss after tax (LAT) of negative N59.826 million, a -409% decline from positive N11.759 million in same period in 2019.
The company with over 37 years in the print business also witnessed 64 per cent decline in turnover from N347.348 million to N124,235 in Q1 2020.
Earnings per share Tripple Gee also dropped to -12.09 from 2.36 in Q1 2019.
