Red Star Express Plc has announced an increased dividend payout of 27 kobo per share for the financial year ending March 31, 2024, up from 20 kobo in the previous year. This decision underscores the company’s commitment to delivering value to its shareholders despite prevailing economic challenges. The Board’s recommendation reflects the company’s solid financial performance, with revenue growing by 15.8% to ₦16.1 billion and Profit After Tax (PAT) rising to ₦343 million.
This dividend increase aligns with Red Star Express’ strategy of rewarding investors while maintaining a strong financial position. The company remains focused on driving sustainable growth through operational efficiency, cost management, and business expansion in key logistics sectors. As the company continues to explore innovative solutions and new market opportunities, shareholders can expect steady returns and long-term value creation.