Custodian and Allied Posts N5.15b Profit, 19% Growth

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Audited consolidated annual results for the year ended 31 December 2014 released by Custodian and Allied Plc shows the company posting an impressive N5.15 billion in profits and about 19 per cent year on year growth.

Custodian and Allied Plc (CUSTODYINS on NSE), a wholly owned Nigerian investment holding company quoted on the Nigerian Stock Exchange and with significant investments in general and life insurance, pension fund administration, trusteeship and property holding businesses, indeed by the results, has demonstrated resilience in a challenging operating environment.

The Custodian Group’s Total assets base according to a statement, rose to N48.9 billion while Profit before tax and profit after tax were N5.15 billion and N4.09 billion, respectively, indicating a year on year growth of 19 per cent in profit before tax.

In furtherance of its commitment to regular dividend payment to shareholders, an interim dividend of 6 kobo per share was paid in September, 2014 and the Board of Directors have proposed the payment of an additional 12 kobo per share as final dividend thus making a total   dividend of 18 kobo per share in respect of the results of 2014 financial year.

Custodian continues to maintain its leadership position in the Other Financial Services sector while its subsidiaries lead in their respective subsectors.

The Custodian Group consists of Custodian and Allied Plc (the holding company), Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees Limited and CrusaderSterling Pensions Limited.

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