GlaxoSmithKline Consumer Nigeria Plc. has proposed a dividend payment of N0.55 kobo per 50 kobo ordinary share from the profit made from the year ended 31st December 2019.
This was shown in a notification sent by the company to the Nigerian Stock Exchange. The notice said that the register of shareholders would be closed from Tuesday, 23rd June 2020 to Thursday, 2nd July 2020 (both dates inclusive).
Date of payment: On 24th July 2020, dividends will be paid electronically to Shareholders whose names appear in the Register of Members as at 22nd June 2020, and that have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
Date of the Meeting; The Company’s Annual General Meeting will be held at GSK House, 1, Industrial Avenue, Ilupeju, Lagos on Thursday 23rd July 2020.
Highlights of the audited financial statement of GlaxoSmithKline Consumer Nigeria Plc. for the year ended December 31, 2019, showed that turnover rose from N18.41 billion in 2018 to N20.76 billion in 2019.
Profit before tax was impressive, rising from N1.16 billion to N1.17 billion. Profit after tax also increased from N617.62 million to N917.10 million.
GlaxoSmithKline Consumer Nigeria Plc. was incorporated in Nigeria on 23rd June 1971 and began business on 1st July 1972, under the name Beecham Limited. Its Head office is located at 1 Industrial Avenue, Ilupeju, Lagos.
The Company was quoted on the Nigerian Stock Exchange in 1977. In 1982, in order to expand our operations in the country, an ultra-modern drinks factory was established in Agbara Industrial Estate, Ogun State, which has since been expanded to include facilities to manufacture Oral Healthcare (OHC) and Wellness products.