Sam Woode Company Ltd has held its 10th AGM at the Teachers Hall with all the resolutions in the annual report agreeably accepted and adopted by the share-holders.
The chairman of the Board of directors of SW Ltd, Mr. Kojo Sam Woode presided over the meeting to steer the affairs to conclusion. He was flanked by other directors and management of the company.
The Auditors report was read by Mr. K Debrah, while Miss Nana A Woode, the managing director, read her annual report to give account of the performance of the company of the previous year and what lies ahead of them in 2014.
It would be re-called that, Sam Wood Company was unable to declare dividends to its share-holders as a result of losses in the year of 2011. However, this year, ??the company made some profit and has divided to pay some dividends to its shareholders.
The company that trades in books and stationery supplies books to Primary, JHS and S H S in Ghana and other West African Countries. It prints text books, novels, note and exercise books and does general printing works as well.
In an interview with Nana A. Woode, she intimated that her company is restructuring to expand its market share in the book industry that faces fierce competition. She refuted allegation of non-performance complained by some share-holders saying 2011 was the only year that wasn?t too good.
As a result, they have decided to pay some dividends of 2012 this year to assuage the ill-feeling of their share-holders to calm nerves.
But some of the share-holders this paper spoke to express some sentiments bothering on non-profitability of their investments. According to some them, they intend to transfer their money to other companies which are doing well to earn profit if the trend continues like that.
Accordingly, they urged management to work extra hard to earn profit to pay appropriate dividends in the years ahead to avoid withdrawal of their share.
