Courteville Business Solutions Plc says it has taken major steps to ensure that it continues to achieve strong growth and create value for its shareholders.
According to the company, the adoption of a strong corporate governance framework for the company is one of the steps taken to ensure it achieves its goals.
The Chairman, Courteville Business Solutions, Group Captain Murtala Salami, said these in Lagos during the Annual General Meeting of the company.
In 2014, the company grew its pre-tax profit by 13 per cent to N457m, while its earnings per share rose by 22 per cent to N8.67.
Salami, who commended the company’s management for the performance, told the shareholders that to achieve the growth, the company had to overcome several challenges in the operating environment as a result of the devaluation of the naira, slump in oil prices and the tension that built up in the run-up to the elections.
He explained that to ensure that the company succeeded in navigating the challenging operating environment and record growth, in 2014, it inaugurated a corporate governance and remuneration committee and adopted a formal risk management framework.
He added that the new risk management department would report directly to the Board’s Risk Management Committee was also created.
Salami added that over the last 10 years, the company had “adopted strategies, which helped to stabilise its operations in the midst of economic uncertainties and fast depleting disposable income of consumers.”
Courteville Business Solutions offers services such as Egole, an ecommerce site; P-SEAMS, a school management solution; and Relay, an online vocational learning portal, among others.
It biggest service, however, is the AutoReg franchise, its flagship service, which processes more than 10 million vehicles each year and eight of every 10 vehicles on Nigerian roads, according to the company.
During the AGM, two of the company’s directors, Mrs. Olabisi Akindele and Ms. Lilian Ajayi, who were retiring by rotation, were re-elected.