Audio By Carbonatix
The Enterprise Group ended 2022 with an impressive final performance in spite of the economic challenges in the country.
The Group recorded GH¢222.67 compared to GH¢22.85 million in 2021 with net cash generated from operating activities improving by 4.53 percent from GH¢428.86 million in 2021 to GH¢448.29 million in 2022.
This was disclosed at the 2023 Annual General Meeting (AGM) of the Enterprise Group PLC in Accra.
As a result of the overall performance, the Board of Enterprise Group recommended a first and final dividend of GH¢0.0744 per share for 2022 which is the same as the total cash dividend paid in 2021.
Group Chief Executive Officer, Daniel Larbi-Tieku in an interview said the dividend declared is a reflection of the challenges the economy went through in 2022.
He noted that, even though they were impacted by the Domestic Debt Exchange Programme (DDEP), they were able to give shareholders an appreciable dividend.
“On the back of Debt Exchange Programme, we were able to still declare dividend. The assurance is that if we continue in the trajectory that we have seen, certainly there is going to be an improvement” the Enterprise Group CEO stressed.
He was however optimistic that should things improve, they will be able to declare better dividend to shareholders.
“Our dividend history is quiet rich so certainly next year we can sustain a better dividend for our shareholders” he assured.
Mr. Larbi-Tieku said the company will leverage on innovations which is very key in modern day business.
“We have set up an innovation center which is looking at on daily basis new ways of doing business” he added.
Latest Stories
-
Hamamat and Wiyaala land tourism ambassadorial roles
3 hours -
A singer’s tragic death highlights Nigeria’s snakebite problem
4 hours -
King Charles to host Nigeria’s first UK state visit in 37 years
4 hours -
Mikel Arteta: Arsenal’s 9-point lead at top of Premier League means ‘nothing’
5 hours -
Japan votes in snap election as PM Takaichi takes a gamble
5 hours -
Bloodshed in Kpandai as rival chieftaincy factions clash over gravel pit
6 hours -
Most couples learn these 12 hard lessons way too late
7 hours -
Vote-buying allegations: Refer Ayawaso East incident to OSP — Mussa Dankwah tells Mahama
7 hours -
Government plots audacious 180,000-hectare coconut expansion to dominate global markets
7 hours -
AMA doubles sweepers’ wages to GH₵800
8 hours -
Ashie Moore admits defeat in war against vote buying
9 hours -
UniMAC mourns with family as student killed in road crash is laid to rest
9 hours -
Bribery scandal rocks NDC Ayawaso East primary as IMANI President demands total annulment
9 hours -
Pollster Mussa Dankwah reacts as Baba Jamal defies projections in NDC Ayawaso East Primary
9 hours -
Government to roll out Free Primary Healthcare in the first week of April
11 hours
