Nigeria: Custodian Records N4.33 Billion Profit Before Tax

14 May 2014

Custodian and Allied Plc, has recorded N4.33 billion profit before taxation for the 2013 financial year, while its earning and Net Asset per share increased to 60 kobo and 325 kobo respectively, said Chairman, Board of Directors of the company.

Chief Ade Ojo, Chairman Board of Directors of the company who disclosed this while addressing shareholders during the 19th Annual General Meeting, AGM, of the company in Lagos, stated that the top line growth experienced by the company was fueled by 20 per cent increase in gross premium income and 38 per cent rise in fees and commission income.

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