Japaul Gold to pay N627.55m as dividend

Japaul Gold & Ventures Plc has informed the Nigerian Exchange Limited (NGX), its shareholders and the investing public that the Board of Directors of the Company at its reconvened meeting on April 22 considered and approved the Company’s Audited Financial Statements for the period ended December 31, 2024 (2024 AFS). The results indicate a Profit After Tax (PAT) of N1.680billion.

The Board further resolved that N627.558 million, amounting to 4 kobo per share, be recommended for payment as dividend for approval by its shareholders at the 2025 Annual General Meeting.

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Consequently, the company said files its 2024 Audited Financial Statements on April 22 and in line with NGX Rules, the Closed Period placed on trading of shares of the Company for Insiders will continue to be in force until 24 hours after the 2024 AFS is released to the public. The company’s share price rose N2.07 per share, adding 13 kobo (6.7percent) as at 1.55 pm on April 22.

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Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).