Illovo Sugar Malawi Defends Social Development Investment Amid Shareholder Concerns Over Low Dividends
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Illovo Sugar Malawi Plc has defended its social development investments after shareholders raised concerns that these expenditures contribute to lower dividend payouts. For the six months ending August 31, 2024, the company posted a net profit of K23 billionIllovo Sugar Malawi Defends Social Development Investment Amid Shareholder Concerns Over Low Dividends
Illovo Sugar Malawi Plc has defended its social development investments after shareholders raised concerns that these expenditures contribute to lower dividend payouts. For the six months ending August 31, 2024, the company posted a net profit of K23 billion—K34 billion less than the K57 billion recorded in the same period of 2023. These financial results […] The post Illovo Sugar Malawi Defends Social Development Investment Amid Shareholder Concerns Over Low Dividends appeared first on Malawi Nyasa Times - News from Malawi about Malawi. Read more