the company’s accumulated deficit to a retained surplus.Results from the year were revealed by its MD/CEO Mr Valentine Obi, Chairman of the Board, Mr Felix Ohiwerei and other members of its board of directors at the company’s 11th annual general meeting at the Four points by Sheraton hotel
, Lagos on the 23rd of June, 2015.
(Pictures from the AGM can be found on the
company Facebook page hereà http://bit.ly/AGMPictures and
on Twitter @eTranzactPLC and videoà http://bit.ly/eTranzactAGM).
Gross revenue for the year 2014 was N7.1bn which
represents a 51% growth compared to 2013. Operating profit grew from N188.7m in
2013 to N388m in 2014 which represents a 101% annual growth. Profit before
tax(PBT) grew by 145% from 2013 performance while Profit after tax(PAT) grew by
112% compared to 2013 performance.
The company’s sustained surplus allowed its
board of directors to approve the payment of dividends to shareholders for the
period.
of dividends to shareholders for the
period.
The shareholders of the company were well
represented and excited about the approved dividend from the board of directors
and commended the performance in the period inspite of the realities with the
country in 2014.
In attendance of the AGM were the executive and
non-executive members of the board led by the Chairman, Mr Felix Ohiwerei, OFR;
Mr Valentine Obi, MD/CEO; Mr Wole Abegunde; Mr Bayo Adeyemo; Mr Rasheed Mumuni;
Mr Tony Egbuna; Mr Sullivan Akala; Executive Director, Business Development; Mr
Ike Eze, Executive Director, Strategy and Corporate Development and Mr Benson
Akpati.
PocketMoni
prepaid Mastercards were issued to all shareholders, and with their unanimous
approval at the AGM, their dividend payout was made to the cards
Speaking
about the results, MD/CEO,
eTranzact International Plc, Mr. Valentine Obi said:
“As
a company, we have been encouraged by our performance in the period under
review. We have experienced consistent growth in revenue and profitability over
the past ten years with transaction activity value, volumes and partnerships
also experiencing significant growth in the last three years. Key to our growth
has been setting key performance indexes around user experience, platform
stability, employee development and technology enhancement, and we plan to
continue to do this.
“It
is a new level for us indeed and this shows that the strategies we have in
place are working and it will continue to work. Going forward, Nigerians will
be seeing new products that eTranzact will be introducing to help the industry
grow and increase our profitability as well as for the benefit for our
shareholders and other partners.”
 |
From
L-R- Members of eTranzact International PLC Board: Mr Sullivan Akala, ED,
Business development, eTranzact; Mr Wole Abegunde, Omowunmi Adedurotimi,
Company Secretary; Mr Felix Ohiwerei, Chairman; Mr Valentine Obi, MD/CEO; Mr
Tony Egbuna; Mr Victor Etuokwu; Mr Rasheed Mumuni and Mr Ike Eze, ED, Strategy
and Corporate Development
|
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