Dipo Olowookere
By Dipo Olowookere
This week, Afriland Properties Plc (SDAFRILAND) held its 5th Annual General Meeting (AGM) to present the 2017 performance report card to its shareholders.
The company reported an increase in performance metrics, such as an 11 performance increase in revenue from N1.1 billion in 2016 to N1.3 billion in 2017.
Also, the firm said it recorded a 233 performance growth in profit after tax to N1.02 billion from N307 million reported in 2016.
The company also secured approval from its shareholders to pay N137.4 million as dividends, translating to 10 kobo per ordinary share held by each shareholder.
Afriland Properties Plc was introduced to the NASD OTC Market by APT Securities & Fund Limited by way of Security Admission.
In its three years since admission to the market, shareholders have traded 111.93 million units of shares worth N310 million in 1,804 deals.
In addition to the income return, shareholders also receive a price return on their investment as SDAFRILAND has returned 20 performance year-to-date (YtD).
