Annual Report - Paper

ATUNWA TAIWO OLUDELE Matric no. 119029053 OUTLINE OF CHAIRMANS tilt: 1. INTRODUCTION 2. OPERATING ENVIRONMENT 3. OUR COMPANY 4. OUR PERFORMANCE 5. THE BOARD 6. DIVIDEND 7. CORPORATE SOCIAL RESPONSIBILITY 8. FUTURE OUTLOOK 9. CONCLUSION FIDSON HEALTHCARE PLC social classbook REPORT AND ACCOUNTS 2011 CHAIRMANS STATEMENT Introduction Distinguished touchholders, representatives of regulating bodies, gentlemen of the press, ladies and gentlemen, it gives me great cheer once again to welcome you to the 13th Annual everyday meeting of our phoner. Operating Environment The pharmaceutical industry continues to grow with some(prenominal) new entrants setting up and existing companies introducing new brands. The environs remains very competitive amidst continued activities of counterfeiters. The Central coin bank of Nigeria increased the Monetary Policy Rate six clock during the year under review to fight inflation, defend the stand in rate of the Naira and reduce excess liquidity in the system. This tho also had an adverse effect on lending place which went upwards and further increased the cost of funding operations and reducing margins.

Our Company Our brands continue to be very well patronise by consumers and maintained their leadership position in the respective(a) market categories. We have recorded a rise in market share of our products which to a large extent is a fallout of the companys three-year strategic plan put in place by the board and management last year. perplexity is working towards a sustained growth of market share and sales, and expect even better results in coming years. Our Performance The company recorded a turnover of N5.46 billion during the year under review, representing a 7% increase over the previous years turnover of N5.1 billion. emolument before tax increased 10% from N642 million in 2010 to N706 million in 2011 financial year. Profit After Tax in the year under review... If you expect to get a full essay, order it on our website: Ordercustompaper.com

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