Proposes dividend of 10 kobo per share a bonus of 1 for 5, a move the shareholders are likely to back.
April 27 (Lagos) - RT Briscoe plc reported a profit after tax of N 215.89 million for 2011, an increase of 42% over 2010 profit after tax of N 151 million. Revenue increased by 29.5% to N 19.6 billion in 2011 from N 15.13 billion in 2010.
Company has proposed to pay a dividend of 10 kobo per share as well as issue bonus shares in the ration of 1 new share for 5 currently held shares. Shares of RT Briscoe currently trade at N 1.32 at the Nigerian Stock Exchange in Lagos.
RT Briscoe Plc sells and services motor Toyota vehicles and industrial equipment such as forklifts, generators, and compressors. The company further provides property development, project management and real estate services through its affiliated company Briscoe Properties Limited.
reporting for easykobo.com on Friday, April 27 2012 from Lagos, Nigeria.
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