Managing Director, Fidson Healthcare Plc, Dr Fidelis Ayebae has, yet again, emerged one of the top Chief Executive Officers of listed companies in Nigeria at this year’s edition of BusinessDay Top 25 CEO Awards for 2014 Financial Year. The awards ceremony, which was held last Friday at WheatBaker Hotel, Ikoyi, witnessed a gathering of Chief Executives and top management representatives of listed companies across all sectors.
The Fidson boss had earlier emerged winner of the 2013 edition of the awards, following his company’s performance in the capital market and contributions to the country’s economy.
Fidson enjoys a reputation of consistent profit record and value delivery to its shareholders and investors. Its recent revenue growth and 300% Profit after Tax (PAT) in 2014 financial year lend credence to its growth sustainability. It may be recalled that in 2013, the company announced its full year results with a turnover increase from N7.2b to N9.2billion, representing 29% growth
The year on year growth recorded by Fidson Healthcare Plc in the last 8 years has won the company several awards both locally and internationally, including the previous edition of the BusinessDay Top 25 CEO, Top 100 Nigerian Companies and the Nigerian Healthcare Excellence Awards (NHEA). The company which prides itself as a leading player in the Nigerian pharmaceutical industry, attributes these awards to its passion for excellence, as demonstrated in its myriad of quality brands and value offerings.
The managing director thanked BusinessDay and organisers of this event for his recognition. “We believe this is an acknowledgment of our commitment to adding value to the lives of Nigerians through the provision of quality healthcare solutions. As a company, we are motivated to up our ante and continue to deliver on these promises, he said.”
The Top 25 CEO Awards ceremony is an event organized by the BusinessDay Research and Intelligence Unit that focuses on the Chief Executives Officers of companies listed on the Nigerian Stock Exchange (NSE), who aroused positive interests in the Nigerian capital market, as well as share price appreciation.
According to the organisers of the event, the Top 25 CEOs Awards is meant to appreciate the contributions of the 25 CEOs who contributed the most to the growth of the capital market in a particular financial year. The capital market, which is at the centre of the event plays a strategic role in economic development as it provides the medium for channeling long term funds into productive sector of the economy.Winners of the awards are selected from over 200 listed companies on the NSE after they have successfully met the criteria set up by the Awards Committee.
BusinessDay Publisher/CEO, Mr Frank Aigbogun said in a statement, that the 25 CEOs that made the list of winners this year added over N333 billion to shareholders’ funds in spite of the market downturn and realized N107.1billion as profit after tax at the end of 2014 compared with N66.8billion they realized in the corresponding period in 2013.