Custodian Investment Plc, a non-bank financial institution quoted on the Nigerian Stock Exchange, has announced its result for the nine-month period ended September 30, 2020.
According to a statement from the company, despite the challenging operating environment, the group’s profit before tax rose to N7.3bn from N7.0bn achieved in the comparable period of 2019 and profit after tax rose more than 10 per cent to N6.0bn year-on-year.
Notably, the shareholders’ funds rose to N47bn (748 kobo/share) from N44.7bn (743 kobo/share) at December 31, 2019 after the payment of gross dividend of N2.65bn (45 kobo/share) to its esteemed shareholders during the period.
Commenting on the result, the Group Managing Director, Mr Wole Oshin, attributed the impressive result to the resilience of the group, the diversity of its product offerings, commitment of its members of staff and the unwavering support of its board of directors.
He further recognised and appreciated the steadfastness of its clients, agents, brokers and all other stakeholders in the insurance, pension and investment value-chain to the Custodian Group.
