The Chairman, Group Managing Director (GMD), Odu’a Investment Company Limited, Dr Segun Aina, Thursday, said the company has declared N5.203 billion as profit after tax for the year 2020.
Speaking at the 39th Annual General Meeting (AGM) held at the company’s head office in Ibadan, he said the company paid dividends of N364 million payable for financial year 2020.
Dr Aina added that the profit after tax represented 11.5% increase in Group Profit After Tax (PAT) from the N4.665 billion in 2019 to N5.203 billion in 2020.
The chairman stated that it was as a result of astute oversight of the company’s board and the focus of management despite the global economic shock of a pandemic year.
Dr Aina assured stakeholders that the board’s continued focus on the audacious 5-year growth plan 2021- 2025 will drive the group to become a world class conglomerate, ensure sustainable returns to all stakeholders and enhance the legacy for future generations.
He added that the group’s business will be further supported with work practices, technology and policies as well as incentives that will enable it achieve its growth strategy.
” This strategy of ” Sweat , Review and Create ” (SRC -2025) is pinned on the strategic pillars of good governance and reporting, people and culture transformation, investment excellence, growth and expansion and profitability and efficiency to sweat the existing assets, revive inactive entities and create new businesses,” he said.
