Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result
Home Business & Brands

FrieslandCampina WAMCO Reports N161.8 Billion Turnover At AGM, Pledges To Lead Dairy Development In Nigeria

byeditor
June 28, 2020
in Business & Brands
Reading Time: 2 mins read
Turnover At AGM
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

FrieslandCampina WAMCO Reports N161.8 Billion Turnover At AGM, Pledges To Lead Dairy Development In Nigeria

 

READ ALSO

UnionCares Celebrates Academic Excellence At Pacelli School For The Visually Impaired Graduation

The Alternative Bank Leads 300-Strong March To Combat Plastic Pollution In Lagos

 

Nigeria’s foremost dairy company, FrieslandCampina WAMCO Nigeria PLC, producers of Peak and Three Crowns milk has announced a turnover of N161.8 billion at the 47th Annual General Meeting (AGM) held at the FC Academy in the Company’s Head Office at Ikeja, Lagos, Thursday, 25 June 2020.

The meeting was held under strict adherence to government-approved COVID-19 protocols, including social distancing and restrictions on the maximum number of persons at a gathering.

As a result, the Annual General Meeting (AGM) was streamed live for shareholders and other relevant stakeholders to participate in the proceedings. Shareholders were earlier invited to give their proxy to representatives published on the Proxy Form contained in the Company’s 2019 Annual Report, to act on their behalf.

At the meeting, FrieslandCampina WAMCO reported a turnover of N161.8 billion representing an 8.5% increase over 2018 and a Profit Before Tax (PBT) of N18.8billion, a 15% increase over previous year.

The shareholders unanimously approved a total dividend payout of N9.49 per N0.50, having paid an interim dividend of N2.68 per N0.50 share in November 2019; and a final dividend payout of N6.81 per N0.50 share.

According to the Managing Director, Mr. Ben Langat, “In the year under review, the business environment remained challenging. In spite of the headwinds, FrieslandCampina WAMCO played a leading role in Nigeria’s backward integration initiative led by the Central Bank of Nigeria in the dairy sector.“

The company activated its Dairy Development Programme (DDP) in Bobi Grazing Reserve, modeling its 10year success of the programme on a 10,000-hectare grazing reserve in Mariga local government area of Niger State.

In line with its business plan, the Company commissioned a state-of-the-art factory for the production of yoghurt and introduced the new Peak Yoghurt Drink in three distinct flavours (Plain Sweetened, Strawberry and Orange) into the market.

Business Outlook 2020

The Board of Directors and Management of FrieslandCampina WAMCO remain positive and confident about the future of the Company despite the disruption by the current pandemic. The Company will remain focused on its purpose of providing better nutrition and advocating healthy living. FrieslandCampina WAMCO will continue to actively engage consumers and pursue its backward integration for business sustainability.

The 47th Annual General Meeting adopted the Company’s financial statement for the year under review. The report can be found on the Company’s website www.frieslandcampina.com.ng

Related Posts

UnionCares
Business & Brands

UnionCares Celebrates Academic Excellence At Pacelli School For The Visually Impaired Graduation

July 29, 2025
Plastic Pollution
Business & Brands

The Alternative Bank Leads 300-Strong March To Combat Plastic Pollution In Lagos

July 28, 2025
UnionCares
Business & Brands

Union Bank Rewards Customers With ₦5 Million Each In Save And Win Palli Promo Season 4 Grand Finale

July 28, 2025
Solar Powered Bags
Business & Brands

Fidelity Bank Launches Solar Powered Bags For School Children

July 26, 2025
SME
Business & Brands

Fidelity Bank Empowers SMEs With Business Management Systems

July 25, 2025
Sterling One Foundation
Business & Brands

Sterling One Foundation, UN Set Stage For Africa’s Next Leap At ASIS 4.0

July 25, 2025
Next Post
Bulletproof Charm

Man, 61, Arrested For Raping And Impregnating His Teenage Daughter In Lagos

LATEST COVER

Priscilla Ojo

GPBN Associates Member

Fidelity Bank

Zenith Bank

UnionCares

UnionCares Celebrates Academic Excellence At Pacelli School For The Visually Impaired Graduation

July 29, 2025
National Honours

Tinubu Confers Triumphant Super Falcons With National Honours, Awards $100,000 To Each Player

July 28, 2025
The Evil Eye Returns Teasers August 2025

Star Life: New! The Evil Eye Returns Teasers July 2025

July 28, 2025
Plastic Pollution

The Alternative Bank Leads 300-Strong March To Combat Plastic Pollution In Lagos

July 28, 2025
UnionCares

Union Bank Rewards Customers With ₦5 Million Each In Save And Win Palli Promo Season 4 Grand Finale

July 28, 2025
Male Housemates

BBNaija Season 10: 14 Male Housemates Unveiled After Previous Female Reveal

July 27, 2025
Sacred Love Teasers August 2025

Star Life: Sacred Love Teasers August 2025

July 27, 2025
WAFCON

WAFCON: Ajibade, Nnadozie Win Best Player, Goalkeeper Awards

July 27, 2025

Meet The 15 Female Housemates Of BBNaija Season 10

July 27, 2025
National Honours

UPDATED: Super Falcons Lift 10th WAFCON Trophy

July 26, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush