Fidson Declares 3.67% pretax profit drop in 2015

By Chioma Obinagwam

Fidson Healthcare Plc has said its pretax profit for the period ended December 31, 2015 dropped 3.67 per cent to N838 million from N870 million posted a year earlier.

Nevertheless, profit after tax (PAT) gained 17.90 percent to N744 million from N631million declared in 2014 end.

Revenue decreased to N8.21 billion from N9.71 billion reported in 2014 end, according to the drugmaker in a filing with the Nigerian Stock Exchange (NSE).

The company has proposed a dividend of 0.05 kobo per share in 2015 lesser than the 0.15 kobo per share paid to investors in 2014.