WorldStage Newsonline– University Press Plc, a Nigerian firm focusing on publishing, sales and distribution of educational books and materials on Friday released its audited Financial Statements for the year ended 31st March 2020 with a 16.68% growth in profit attributable to owners of the entity at N127.186 million from N109.003 million in previous year.
The profit was despite a slight decline in revenue to N2.066 billion from N2.316 billion.
The report http://www.nse.com.ng/Financial_NewsDocs/31313_UNIVERSITY_PRESS_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT.pdf released to the Nigerian Stock Exchange indicated that the directors as in previous year recommended a dividend of 15k per ordinary share of 50 kobo each amounting to N64,711,426 to be paid to shareholders subject to approval at the Annual General Meeting.
“The proposed dividend is subject to withholding tax and is payable in November, 2020 to shareholders whose names appear on the Register of Members as at close of business on Friday, 25 September, 2020,” the company said.
