Some shareholders of
The stock appreciated by 96.2 per cent from N2.40 to N4.71.
Owing to this, shareholders said the performance of the company despite the difficult operating environment, has raised hope for dividend, hence the demand for the stock, which pushed its price by almost 100 per cent, outperforming the
For instance, Mr. Moses Igbrude, said although
"
Commenting on the results, the Group Chief Executive Officer (CEO), Mr.
"Notwithstanding the challenges the group has remained nimble. We continued to implement our business growth and continuity plans premised on a solid risk assessment framework to ensure we remained focused on providing best-in-class solutions to all client segments. These contributed to the impressive growth across our businesses leading to 33 per cent growth in revenue and 26 per cent increase in both PBT and PAT during the nine-month period.
According to him, going into the last quarter of the year, they were encouraged by the increasing market confidence in their brand even in the wake of the most globally devastating pandemic of the last century.
"We know the operating environment is turbulent, but we are committed to deliver superior returns to our shareholders, as we drive growth and profitability across all our businesses," Ashade said.
He said in line with their initial strategy for the 2020 business year, "we shall continue to push further our market diversification and cost-optimisation initiatives as well as implement phased automation of our business processes whilst upholding our commitment to ensuring a significant improvement in our value delivery to all our stakeholders."
Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source