Custodian and Allied Plc 2016 Financial Summary

12 Months Report CUSTODIAN AND ALLIED PLC
	2016 N'000	2015 N'000	change	Year End
Revenue	38,554,556	29,793,012	29%	December
Profit/Loss before taxation	7,389,822	5,731,738	29%
Profit/Loss for the period	5,330,976	4,200,454	27%
Issued Shares (Units)	5,881,864,195	5,881,864,195
Basic Earnings Per Shares (Kobo)	87.00	68.00	28%
Last total dividend paid (Kobo)	18.00	14.00	29%

Quarter on Quarter performance

Revenue                                                                   PAT

N'000                                                                       N'000

Q1: #8,209,431                                                      Q1: #1,538,747

Q2: #8,916,591                                                      Q2: #1,348,402

Q3: #9,988,351                                                      Q3: #1,174,715

Q4: #11,439,183                                                    Q4: #1,269,112

Custodian maintained an average of #8.9billion per quarter in terms of Revenue, while on the other hand it maintained an average of #1.3billion in terms of Profit after Tax (PAT). 

The company benefited from the devaluation of Naira. In that regard gained a whopping 4536% in terms of forex gain. #2.9billion from #64.04million. Custodian remain solid as it repaid the Convertible Loan of $12.5 from IFC on 15 March 2016.

Custodian paid a total of 25k in dividend for the financial year end 2016, with 7k already paid as interim dividend and the final dividend of 18k. Currently Custodian is the highest dividend paying company in the insurance sector and also the highest priced on the Nigerian Stock Exchange. it closed at #3.36k on 28 March, 2017 with a dividend yield of 5% a little higher than the Market yield.

Corporate Action

Proposed Dividend: 18kobo per Share

Proposed Bonus : Nil

Qualification Date : April 18-21, 2017

AGM Date: May 3, 2017

Payment Date: May 3, 2017

AGM Venue: The Civic Center,  Ozumba Mbadiwe Avenue Victoria Island Lagos