Red Star Express Plc successfully held its 32nd Annual General Meeting (AGM) virtually, bringing together shareholders to review the company’s performance and progress over the past financial year. At the meeting, shareholders approved the recommendation of a 35 kobo dividend per share, an increase from the 27 kobo declared in the previous year. This approval is a reflection of the continued confidence shareholders have in the company’s resilience and consistent value creation.
In his remarks, the Chairman of the Board, Suleiman Barau (OON), appreciated the shareholders for their trust and ongoing support. He noted that despite a challenging operating environment marked by rising energy costs and inflation, Red Star Express recorded strong financial results, including a 34% growth in revenue and a 71% increase in profit before tax compared to the previous year.
The Chairman further assured shareholders that the company will continue to leverage technology, expand its regional network, and invest in new delivery models to sustain long-term growth. He emphasized that Red Star Express remains committed to innovation, operational excellence, and delivering value to all stakeholders.