Custodian Investment Plc, formerly Custodian and Allied Plc, a leading non-bank financial institution quoted on the Nigerian Stock Exchange (NSE) with investments in life and non-life insurance, pension fund administration, trusteeship and property holding businesses, has announced its audited result for the year ended 31st December 2018.
A review of the results shows strong financial performance across all business lines, reaffirming the resilience of the Company’s business model. Gross revenue for the year grew by 16.6 percent to N50.2 billion from N43.1billion reported in 2017.
Despite the challenging business environment in 2018, Profit before tax rose to N9.5billion from N8.9billion posted in 2017. Total asset base and shareholders’ funds remained strong at N98.1billion and N40.5billion with year-on-year growths of 21.8 percent and 13.2 percent respectively.
In line with the company’s tradition of reciprocating its shareholders’ loyalty, the Board of Directors has recommended, subject to shareholders’ approval at the upcoming Annual General Meeting, the payment of a final dividend of 35 kobo, in addition to the 10 kobo interim dividend that was previously paid to its shareholders, thereby making it a total dividend of 45 kobo per ordinary share of 50 kobo to be paid out of the results achieved in 2018.
