CSCS Delights Shareholders with Strong Financial Report Results at 28th AGM


Speaking on the company’s performance, CSCS Plc Chairman of the Board, Oscar N. Onyema OON, praised management for delivering on the board’s vision to diversify the business and to enhance the prospect of increasing shareholder value in a responsible and sustainable manner.

“Despite the volatile operating environment and subdued capital flows, as evidenced by sluggish capital markets activity, your company’s earnings fundamentals have remained resilient and, in fact, stronger than ever. This fact is evident. in impressive revenue growth of 39.2%, driven by soaring ancillary revenue growth.”

Also commenting on the results, Managing Director/Chief Executive Officer Haruna Jalo-Waziri said the impressive results reflect how resilient and adaptable CSCS has been despite some turmoil in the financial markets.

“Reflecting the ingenuity of our participants and, more importantly, the rapid adoption of new remote access technologies, the Nigerian capital market has remained active during the protracted COVID-19 crisis. The collaboration of our regulator and participants has been incredible in maintaining our operational protocols and IOSCO PFMI standards,” he said.

Commenting on the financial report and the conduct of the Annual General Meeting, one of the shareholders, Abayomi Adebayo, congratulated the management of the company for its exceptional performance and steering its affairs despite the uncertainties.

“Anyone looking through this report will know that it is indeed a good result because there is an increase in all the numbers, for the profit of the year and the assets and all the other things,” he said. -he declares.

To keep the event small in accordance with covid-19 regulations on mass gatherings and guidelines issued by the General Affairs Commission on holding proxy general meetings, attendance at the Annual General Meeting has been reduced. made by proxy, but shareholders were properly taken care of as they were able to observe proceedings via a live stream on Zoom and YouTube.

Over its more than two decades of existence, CSCS has developed a diverse shareholder base, including the Nigerian Stock Exchange Limited (NGX), or Nigerian Exchange Group Plc, some of the largest Nigerian banks, private equity, other institutional investors and retailers. investors.

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