According to him, the company would also adopt a holistic cost optimisation strategy, which is key priority to the firm’s short-term plans. The company’s Profit Before Tax also declined by 27 per cent to N490 million from N572.6 million achieved in the corresponding period in 2019. Shareholders applauded the company for enhancing their returns on investment through dividend payout amid a harsh operating environment. Specifically, a member of Noble Shareholders Solidarity Association, Ajie Robert Igwe commended the company on its strict adherence to corporate governance principles. He urged the company to recapitalise its retained earnings and consider issuing a bonus to shareholders in the current financial year.

Source: The Guardian July 01, 2021 03:33 UTC