Insurance Income of Consolidated Hallmark Holdings Plc Hits N15.7bn ln 2023.

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Profit Before Tax for the year rose to N4.6billion in 2023, from N983million in 2022 while total profit attributable to shareholders for the 2023 financial year was put at N3.8billion, an increase from N547mlion recorded in 2022.

On dividend payment, the chairman affirmed the company’s commitment to the shareholers saying, “we are committed to adequate returns on investments to our shareholders through consistent dividend payment, remain firm and we shall stay focused on that pathway.

Towards this end, we wish to hereby present to you for your consideration and approval, a dividend of N0.05 or 5 kobo per ordinary share of 50 kobo. The total dividend payout will amount to N542 million”, he added.

Speaking on CHI

transformation to a Holding Company, the said, “Our transformation journey to a Holding Company started in November 2022 with your unanimous approval then at the Extra-Ordinary General

Meeting. The process was successfully concluded in November 2023 with

the listing of the shares of Consolidated Hallmark Holdings Plc on the trading floor of the NGX. I am glad to announce that it is upon the successful completion of other processes and due authorisation that we

are witnesses to this first Annual General Meeting, to the Glory of God as well as benefits to all stakeholders of the company “.