Haldane McCall’s Group MD, Edward Akinlade, sells 11.5 million odd shares value N60 million

Haldane McCall Plc has introduced the sale of 11,500,000 shares value N60 million by its Group Managing Director, Dr. Edward Akinlade.

This info was communicated in a director’s dealings revealed on the Nigerian Alternate (NGX) and signed by the corporate secretary, Oyewole Olurin.

In response to the report, the shares have been bought at N5.22 on April 9, 2025, below the identification code NGHMCALL0004.

Following this transaction, Dr. Akinlade now holds 1,523,753,796 odd shares, down from 1,535,253,796 shares beforehand.

This accounts for 48.81% of the corporate’s complete shares of three,122,000,000 as of December 31, 2024, reflecting a lower from his earlier holding of 49.18%.

Efficiency overview

Haldane McCall Plc revealed its audited monetary outcomes for the fiscal 12 months 2024, reporting a pre-tax revenue of N1.01 billion.

This determine represents a 168.44% improve from the pre-tax revenue of N377.8 million recorded in fiscal 12 months 2023, pushed by a rise in income.

For the 12 months ended 2024, Haldane McCall Plc’s income rose to N3.6 billion, which is a 109.50% improve from N1.7 billion within the earlier 12 months.

A good portion of this income got here from the sale of land and buildings, accounting for 73.4% at N2.6 billion, whereas lodge income contributed 19.2% at N699.8 million.

Different revenue sources, together with service fees, miscellaneous income, and hire, made up 4.9%, 1.9%, and 0.4%, respectively.

Working revenue elevated by 168.44% year-over-year to N1 billion, in comparison with N377.8 million within the earlier 12 months.

This rise in working revenue contributed to increased pre-tax earnings of N1 billion, benefiting from the absence of finance prices.

The post-tax revenue determine reached N679.6 million, displaying a 164.49% improve from N256.9 million in 2023.

Closing Dividend announcement

In early March, Haldane McCall PLC declared a ultimate dividend of 0.07 kobo per 50 kobo odd share, topic to relevant withholding tax, payable solely to registered shareholders.

The corporate introduced that dividends can be disbursed electronically on Friday, April 25, 2025.

As said, “Dividends can be paid electronically to shareholders whose names seem on the Register of Members as of Monday, March 31, 2025, and who’ve accomplished the e-dividend registration.”