Speaking on the efficiency of the corporate, Chairman, Board of Directors of CSCS Plc, Oscar N. Onyema OON, was full of reward for the Management in delivering on the Board’s imaginative and prescient of diversifying the enterprise and enhancing the worth accretion prospect to shareholders in a sustainable method.
“Notwithstanding the unstable working surroundings and moderated capital flows, as mirrored within the subdued capital market actions, the earnings fundamentals of your Company remained resilient and certainly stronger than ever. This reality is obvious within the spectacular income development of 39.2%, pushed by stellar development in ancillary revenue.”
Also commenting on the results, the Managing Director/Chief Executive Officer, Haruna Jalo-Waziri stated the spectacular results replicate how resilient and adaptable CSCS was regardless of some of the upheavals within the financial markets
“Reflecting the ingenuity of our participants and more importantly quick adoption of new remote access technologies, the Nigerian capital market remained active through the prolonged COVID-19 crisis. The collaboration of our regulator and participants has been incredible in sustaining our operational protocols and IOSCO PFMI standards,” he stated.
Commenting on the financial report and conduct of the Annual General Meeting, one of the shareholders, Abayomi Adebayo recommended the Management of the corporate for its stellar efficiency and piloting its affairs regardless of the uncertainties.
“Anyone that goes through that report will know that it is a good result indeed because there is an increase in all the figures, for the profit of the year and the assets and all other things,” he stated.
To hold the occasion small in line with covid-19 rules on mass gatherings, and the Guidelines issued by the Corporate Affairs Commission on holding AGMs utilizing proxies, attendance at the AGM was by proxy however shareholders have been adequately catered for as they have been in a position to observe proceedings by way of a stay stream on Zoom and YouTube.
In its over twenty years of existence, the CSCS has grown a diversified shareholder base, together with the Nigerian Stock Exchange Limited (NGX), or Nigerian Exchange Group Plc, some of the most important Nigerian banks, personal fairness companies, different institutional buyers, and retail buyers.
To be taught extra in regards to the CSCS and see the best way to profit from their operations, go to https://cscs.ng/