Wednesday Nov 27, 2024
Wednesday Nov 27, 2024
Monday, 12 September 2022 03:16 - - {{hitsCtrl.values.hits}}
E. B. Creasy & Co. has declared an interim dividend of Rs. 1.00 per share, paying out Rs. 253.5 million from the distributable profits of the Current Financial Year.
In the previous financial year, the company paid a total dividend of Rs. 358.3 million amounting to a dividend of Rs. 1.50 per share maintaining the Company’s constant dividend policy, the Directors have approved another Interim Dividend of Rs. 1.00 per share for the current financial year.
Discussing the significant dividend pay-out, a company spokesperson said: “We are encouraged by the growth achieved in our performance despite numerous challenges we faced. We are pleased to maintain consistency in our dividend policy, rewarding our shareholders.”
The Group had recorded a cumulative revenue of Rs. 5.4 billion and profit before tax of Rs. 547 million in the first quarter of the current financial year which is an increase of 59% and 146% respectively, as compared to Rs. 3.4 billion in revenue and profit before tax of Rs. 222 million in the corresponding quarter of the previous year.
It is noteworthy that the group is a prominent player in the FMCG sector with some leading brands in the personal and home care categories.
The Group concluded the financial year 2021/22 with a profit before tax of Rs. 1.0 billion recording a Year on Year (YoY) increase of 25%.
The Company has made significant investments toward expanding its manufacturing capacities to strengthen its market position.
In 2021, E.B. Creasy & Co. subdivided every existing ordinary share into One Hundred (100) ordinary shares, thereby increasing the number of shares of the Company from 2,535,458 to 253,545,800 shares. This move was made by the Company’s Board of Directors to reward its long-time shareholders, while also improving liquidity and market capitalisation.
