Industrial & Medical Gases’ profit for 2021 rises by 26% on improved revenue

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Profit after tax expanded from N292.1 million to N367.8 million, representing an increase of more than a quarter.

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However, the company’s consideration of paying dividend summing up to N141.5 million could prove a sore point to shareholders when it formally makes the proposal to them.will fall by 63 per cent this time around.

Shares in Industrial & Medical Gases was trading at N9.50 per unit in Lagos on Friday at 13:17 West Africa Time, yet to see any movement.

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