Fidson Healthcare shareholders endorse N150m dividend

Shareholders of Fidson Healthcare Plc have unanimously approved the recommended payment of N150 million dividends for the 2013 financial year ended 31st December, 2013.

The shareholders at the 15th annual general meeting of the company held in Lagos, weekend, endorsed 0.10 kobo per share dividend presented to them by the board of directors.

Speaking at the meeting, a shareholder Mr. Olawale Lawal commended the company over its progressive approach in operations despite the harsh economic situation of the country.

He lauded the company for contributing immensely to the development of the country.

He said the profitability rate in the first quarter was a welcome development that should be applauded, adding that shareholders expected the current year to be better for the company.

He urged the management of the company to good amicable relationships with various stakeholders to sustain the standard of the business.

The Chairman Fidson Healthcare Plc, Mr. Felix Ohiwerei, commended the directors, saying that the company started the new financial year on a good note.

Ohiwerie affirmed that the biotech plant of the company is expected to start test production by end of 2014.

The new product pipeline would be manufactured at a N7 billion biotech plant located in Sango Ota, Ogun State.