Shareholders of Afriland Properties Plc have approved the Board’s proposal to pay a sum of N137.4million as dividends, translating to 10 kobo per share, an increase of 100% from the corresponding year’s dividend of 5 kobo per share.   

The approval was part of a resolution passed at the 9th Annual General Meeting of the company, held in Lagos. 

Notwithstanding the challenging business environment and inflationary pressure, the real-estate firm saw a 15% increase in revenue declaring a total revenue of N1.626 billion from the total revenue of N1.413 billion earned during the corresponding period of 2020.