Honeywell’s shareholders sanction a N475.8m dividend payment   

21 September 2018 : Honeywell’s share holders  have approved a dividend payment of 60 kobo for every 50 kobo ordinary share, amounting to a total of N475.8m for the 2018 financial year.

The company’s revenue has surged by 34 % to N71.5bn in H1’18 , as against N53.2bn recorded in the corresponding period of 2017.Also, the gross profit increased by 26 % from N12.7bn in the previous year to N16.1bn, while the Profit after Tax ( PAT ) stood at N4.4bn

The company will commence commercial production from its Sagamu facility in Oct’18. 

Despite the road challenges being faced in and around Tin Can and Apapa ports,  the macro-economic challenges, the company plans to hold strong to its vision and promises to deliver quality products through a carefully planned input-cost management strategy to ensure profitability. The company proposed the Federal Government, to allow the private sector to be able to contribute to the construction of ports.

Reporting for EasyKobo on Friday , 21 September 2018 in Lagos, Nigeria

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