Chobe pays dividends to workers

Chobe Holdings Limited Finance manager, Rodney Gerrard, said the qualification was based on the length of the employees’ stay with the company.  “All employees who have been with us throughout this year were qualified to get a share of this money,” said Gerrard. The scheme was introduced last year February to allow the group’s employees to participate in the dividend distributions of the group.  The scheme allows all qualifying staff to share equally in a bonus, which is calculated to be equal to the value of dividends, attaching to three million shares in the company.

The group recorded 19 percent increase in profits to over P35 million for the half year ended 31 August 2014 compared to P29,764 recorded in the same period last year.