By Peter Egwuatu
May & Baker Nigeria Plc has recorded significant growth in major financial indices as its Profit Before Tax, PBT for the year ended March 31, 2017 rose by 75 percent to N605.6 million from N345.94 million in 2016.
The company attributed the growth in PBT to improved sales , efficiency in cost minimisation and quality services. The audited report and accounts of May & Baker Nigeria for the year ended December 31, 2017 released on the Nigerian Stock Exchange (NSE) showed impressive improvements in the underlying fundamentals of the company as well as the actual earnings figures.
The board of directors of the company has recommended distribution of N196 million as cash dividend for the 2017 business year, representing a dividend per share of 20 kobo. The recommended dividend payout for 2017 represents an increase of 233.3 per cent on the payout for the 2016 business…
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