Business

Credite Capital’s shareholders get N30m dividend

Credite, a capital, finance and investment company has declared an N30 million dividend for the year ended December 31st, 2022, just as its profit before tax (PBT) grew to N86.7 million.


The increase represented a 27.1 percent increase year-on-year from N68.2 million recorded in 2021 and a 28.1 percent growth in profit after taxes (PAT) to achieve the sum of N70.3 million (FY 2022).


Accordingly, the PAT growth was driven by an N15.4 million improvement in net operating income amidst heightened inflationary pressures and regulatory policies.