The initiatives,
which cover the company’s structure, people, processes, and digital operations,
have been endorsed by the company’s directors. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html He said the strategies to achieving
these are anchor on a clear and integrated customer-focused global strategy, an
innovative business model, organisation restructuring for resilience,
sustainability and perpetuity, and retooled human capital and talent management.
This is just as
shareholders also approved about N188.385 million as dividend, at 65 kobo per
share. http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html The company’s financial statement
showed revenue grew by 12 per cent to N3.377 billion in 2018, against N3.013
billion in 2017, while profit before tax stood at N454.3 million or 33.8 per
cent above the N339.5 million recorded a year earlier.
Addressing the shareholders at the
Annual General Meeting (AGM), in Lagos, the Chairman, Abi Ayida, said after due consultation with the various units in
the company, and meetings with relevant stakeholders, it became imperative to
reposition for global competitiveness and sustainable increase in return on
investment (ROI).
Ayida noted that
to put Berger Paints on the path of sustained profitability, the Board created
the office of Chief Operating Officer to drive operations and technical aspects
of the business, while Anjar Sircar
was appointed the new Managing Director in charge of strategic business
development decisions and marketing function. http://www.tectono-business.com/2016/06/are-you-estate-surveyor-or-property.html
Until his appointment, Sircar, who was
the CEO, Elite Group of Companies, Bangladesh, is also an astute professional,
who has wide and varied industry experience internationally. He was a member of
the Executive Committee of Nepal India Chamber of Commerce and Industries
(NUCCI), and India Nepal Business Forum.
Shareholders commended the Board and
Management for the rapid improvement in all performance indicators in 2018. A
shareholder, Lawrence Oguntoye, who
urged the company to sustain the outstanding performance, also expressed
concern on the effects of high taxes on the manufacturers in Nigeria. http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html
Ayida attributed the company’s
performance to collective efforts of the board, management and secretariat, and
reiterated commitment towards value creation, while assuring shareholders of
more opportunities for robust engagement. (Guardian)
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