Ngozi Amuche
Custodian Investment Plc, a leading non-bank financial institution quoted on the Nigerian Stock Exchange (NSE) with investments in life and non-life insurance, pension fund administration, has recorded N7.3 billion profit before tax for the financial year ended 30, September 2020.
This was inspite of the challenging operating environment, the Group’s profit before tax rose to N7.3 billion from N7.0 billion achieved in the comparable period of 2019 and profit after tax rose more than 10 percent to N6.0 billion year-on-year.
Notably, the shareholders’ funds rose to N47 billion (748 kobo/share) from N44.7 billion (743 kobo/share) at December 31, 2019 after the payment of gross dividend of N2.65 billion (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 staff and the unwavering support of its Board of Directors.