THE Odu’a Investment Company Limited has declared Profit Before Tax of N890 million, sharing dividend of N320 million to shareholders at the just concluded virtual Annual General Meeting (AGM) zoomed to other shareholders covering all the owner states from its head office, Cocoa House, Ibadan. The 38th AGM of the company which observed all COVID-19 safety measures adopted a new slogan; OICL..Enhancing the legacy for the future of the generations had all of the resolutions placed before shareholders approved. Speaking at the AGM, the Chairman, Dr Segun Aina said that 2019 Profit Before Tax of N889.71 million was five per cent higher compared with 2018 Profit Before Tax figure of N849.34 million. The Group had recently incorporated South West Agriculture Company Limited (SWAgCo) to mid-wife the agriculture transformation of the South West strictly on sound private-sector principles and strategic partnerships. “This Agric investment company has already identified focused food crops, cash crops, livestock and agriculture processing that will guide its investment decisions.

Source: Nigerian Tribune October 12, 2020 16:52 UTC