Caverton Offshore Support Group Plc. announces board meeting, closed period ahead of Q3 2021 results.

Caverton Offshore Support Group Plc has notified the Nigerian Exchange Limited (NGX), its shareholders and all interested parties of its imminent Board of Directors Meeting scheduled to hold on Thursday, 28th of October, 2021.

According to a notice signed by the company’s secretary, Amaka Obiora, the meeting will enable the board members to consider and approve the firm’s unaudited financial statement for the third quarter ended 30th of September, 2021.

Consequently, the firm commenced a closed period for trading in its shares on Friday, 1st of October, 2021. The closed period will persist until 24 hours after the unaudited account of the company for the aforementioned period have been filed with The Exchange (NGX) and made public.

It is pertinent to note that during the closed period, directors, managers, consultants, employees of the company and their associated persons are strictly prohibited from transacting in the company’s shares (that is, buying or selling in the company’s shares).

Attached HERE is a link to the notice.

Caverton Offshore Support Group Plc declares FY gross dividend of 10 kobo per share.

The Board of Caverton Offshore Support Group Plc has approved a dividend payment of 10 kobo per share to shareholders who currently hold the 3,350,509,750 fully paid ordinary shares of the company.

This notice is part of the resolutions reached at the recently concluded 12th Annual General Meeting of the company held on 27th of May, 2021.

In light of this, a total of N335.05 million will be disbursed as dividend for the aforementioned period.

Recall that Caverton Offshore Support Group Plc suffered a dip in its key financial metrics for the year ended 2020. Profit after tax declined by 73% to N1.18 billion. Others like revenue, earnings per share, etc., all dipped during the aforementioned period.

Consequently, a lower dividend of 10 kobo per share was proposed. This is about 50% less than the proposed figure of 20 kobo in corresponding period last year (FY 2019)



Caverton Offshore Support Group reports profit after tax of N520 million in Q1 2021.

Caverton Offshore Support Group Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N8.2 billion. (+3.8% YoY)
  • Operating profit for the period was N2.04 billion. (+124.2% YoY)
  • EBITDA for the period was N2.5 billion. (+78.6% YoY)
  • Profit before tax was N728 million. (+25.9% YoY)
  • Earnings per share of 16 kobo Vs 13 kobo YoY.
  • Net profit margin of 6% Vs 5% YoY.

See link to results.

2020 FY Results: Caverton Group Plc records 73% decline in profit after tax.

Caverton Offshore Support Group Plc released its full-year results for the year ended 31st December 2020.

  • Revenue from contracts with customers was N32.17 billion. (-8% YoY)
  • Cost of sales was N18.6 billion. (-8% YoY)
  • Administrative expenses totaled N6 billion. (-15% YoY)
  • Operating profit was N5.29 billion. (-50% YoY)
  • Profit after tax was N1.18 billion. (-73% YoY)
  • Earnings per share of 35 kobo vs N1.29 YoY.
  • A dividend of 10 kobo was proposed by the Board.

See link to results.