Ice cream manufacturer, Fan Milk Ghana Limited, will not pay dividend for the year 2019.

The company, which is one of the most profitable listed firms on the Ghana Stock Exchange, attributed the decision to the COVID-19 pandemic.

It said in a statement that “In the uncertain context of COVID-19 pandemic, reflecting the Company’s prudent balance sheet policy and to ensure financial flexibility, Fan Milk Limited’s Board of Directors have decided to pay no dividend for the year 2019.”

Fan Milk is presently trading at GHS2.09 per share on the Ghana Stock Exchange.