Custodian and Allied plc, a wholly owned Nigerian investment holding company quoted on the Nigerian Stock Exchange (NSE) and with significant investments in general and life insurance, pension fund administration, trusteeship and property holding businesses, has released its audited consolidated annual results for the year ended December 31, 2014.
The results demonstrate Custodian’s resilience in a challenging operating environment. The Custodian Group’s Total assets base according to a statement, rose to N48.9bn while Profit before tax and profit after tax were N5.15bn and N4.09bn, respectively, indicating a year on year growth of 19 percent in profit before tax.
In furtherance of its commitment to regular dividend payment to shareholders, an interim dividend of 6 kobo per share was paid in September, 2014 and the Board of Directors has proposed the payment of an additional 12 kobo per share as final dividend thus making a total dividend of 18 kobo per share in respect of the results of 2014 financial year.
Custodian continues to maintain its leadership position in the Other Financial Services sector while its subsidiaries lead in their respective sub-sectors. The Custodian Group consists of Custodian and Allied plc (the holding company), Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees Limited and Crusader Sterling Pensions Limited.
