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Legend Internet Plc is rewarding its shareholders with dividend from distributable profit as investors are not yet bullish on the company’s shares.
The firm that listed on the Main Board of the Nigerian Exchange Limited by introduction on April 24, 2024, has announced the payment of 6kobo final dividend that translates to N120 million.
The company’s stock yields 1.02 percent while it has a price to earnings ratio of 83 times, according to MoneyCentral calculations.
Its shares have lost 22.17 percent since the start of the year, underperforming the NGXASI index’s 43.54 percent.
Legend Internet Plc operates in both the broadband and fintech sectors, offering fibre-optic internet services and digital payment solutions.
For the year ended July 2025, the company’s profit after tax (PAT) increased by 22.92 percent to N142.45 million from N115.13 million the previous year. The growth in net profit was largely driven by a tax credit as it could be that the government has given the firm a relief or tax holiday since it is a new company.
Operating profit was down 45.19 percent to N167.84 million in the period under review from N306.23 million.
Revenue was up 5.39 percent to N1.19 billion in the period under review from N1.13 billion the previous year.
To magnify its earnings and attract investors, Legend Interment has launched Nigeria’s first Fibre-to-the-Room service, in partnership with global technology provider, Huawei.
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