FOR giving the first profit margin in the last seven years, Shareholders of Evans Medical Plc, at the weekend, lauded the pharmaceutical company for paying 5k dividend per share for the 2012 financial year.
The investors, who met at the 59th yearly stakeholders’ meeting in Lagos, approved the 5k dividend per share with a total of N24.3 million, describing it as a sign of better things to come. The shareholders also approved the new N3.5 billion-recapitalisation bid from rights issue and core investor’s capital. The bid is to scale up growth in its local manufacturing arm and strengthen returns to investors.
I analysed their results recently