Cocoa Processing Company CPC is set to pay its second dividend this year since going public in 2003.
The company paid its first dividend last year for 2005 and its Managing Director Richard Amarh-Tetteh told Joy News that this year’s dividend for the 2006 financial year will be an increase of 33 percent.
Speaking ahead of the company’s AGM next month, Mr Amarh-Tetteh explained that though the company’s expansion project was not completed it would go ahead to pay dividend.
Shareholders of the Cocoa Processing Company had been concerned about the dividend pay out of the company but the MD said all would be well soon.
Mr Amarh Tetteh said on completion of the expansion project in September, 2007, it will begin exporting in large quantities various products including confectionaries and butter to African countries and other identified markets beyond.
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