Nigeria: Fidson Healthcare's Profit Soars By 308 Percent, Increases Dividend By 50 Percent

1 April 2015

Fidson Healthcare Plc has surpassed stakeholders' expectations, recording highly impressive results for the 2014 financial year. The company posted a growth of 308 per cent in profit and increased dividend payment to shareholders by 50 per cent.

According to the audited results of the company, revenue grew by five per cent from N9.247 billion to N9.723 billion. Cost of sales rose by four per cent from N4.1 billion to N4.28 billion, while distribution, administrative and other expenses reduced by nine per cent from N4.5 billion to N4.1 billion. Other income grew by 83 per cent from N46.6 million to N85.3 million. However, profit before tax jumped by 249 per cent from N249 million to N871 million, while profit after tax soared by 308 per cent to N632 million, up from N155 million in 2013.

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