ProHealth stakeholders must be adequately rewarded for investment, Chairman re-assures

By Albert Akota

The Board Chairman of the proHealth HMO limited ,Gabriel Okonwa has vowed to do everything possible within his reach to ensure stakeholders are rewarded adequately for smooth running of the company as well as meeting its laid down aims and objectives.
The Chairman who disclosed this yesterday during its 13th annual meeting in Abuja, said he would galvanized all performances center of the company to meet its target.
According to him, the year under review was one of mixed fortunes for the Company; Profit before Tax (PBT) increased from Thirty Million, Four Hundred and Twenty Six Thousand and Fourteen Naira (N30, 426, 014) to Forty Million, One Hundred and Twenty-Five Thousand, Three Hundred and Forty-One Naira (N40, 125, 341), representing a thirty-two percent (32%) increment. But the Company’s revenue in the area of its core business decreased by one percent (1%) from Nine Hundred and Sixty-Two Million and Five Thousand, Seven Hundred and Ten Naira (N962, 005, 710) to Nine Hundred and Fifty-two Million, Four Hundred and Nineteen Thousand, One Hundred and Ninety-Two Naira (N952, 419, 192).
He noted that, other sources of income decreased by five percent (5%) from Sixteen Million, Six Hundred and Two Thousand and Twenty-Eight Naira (N16, 602. 028) to Fifteen Million, Seven Hundred and Fifty-Four Thousand, Nine Hundred and Fifty-Two Naira (N15, 754,952).
“The total revenue accruable to the Company reduced from Nine Hundred and Seventy-Eight Million, Six Hundred and Seven Thousand, Seven Hundred and Thirty-Eight Naira (N978, 607, 738) to Nine Hundred and Sixty-Eight Million, One Hundred and Seventy-Four Thousand, One Hundred and Forty-Nine Naira (N968, 174, 149), representing a one percent (1%) decrease.”
However, he said there was a marginal increase in the total assets from Nine Hundred and Ninety-Nine Million, Five Hundred and Twenty-Six Thousand, Seven Hundred and Eighty-One Naira (N999, 526, 781) to One Billion and Twenty-Three Million, Nine Hundred and Seventy-Three Thousand, Two Hundred and Eighty Naira (N1, 023, 973, 280), representing a two percent (2%) increase.