Mortgage bank posts 54 percent increase in turnover
The chairman of
Haggai Savings and Loans Ltd., Bode Osunkoya, on Thursday, said the
bank recorded gross earnings of N712 million in the 2009 financial year
ending on December 31, 2009.
Mr. Osunkoya told
the News Agency of Nigeria that the figure represented an increase of
54 percent against its earning of N462.9 million in 2008. He said that
the bank’s profit before tax increased from N8.03 million in 2008 to
N142.9 million in 2009, representing an increase of 1,678 percent.
The bank chairman
said that a final dividend of 5 kobo per ordinary share would be paid
to the shareholders for the year ended December 31, 2008, while 15 kobo
per share would be paid to them for 2009.
Adeleye Babatunde,
one of the shareholders, urged the bank to embark on housing schemes
that would enable the shareholders to enjoy the full benefits of being
part owners.
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