Economics

Firms present results to the ExchangeFirms present results to the Exchange

 smartstockSMART Products Nigeria Plc has posted a turnover of N17.3 million and a dividend of N0.09 per share in its audited result for the year ended December 31, 2009.

Specifically, its audited result for the year ended December 31, 2009 showed a turnover of N17.35 million, over N13.32 million achieved in 2008 while profit after tax stood at N3.5 million, from N2.5 million recorded in 2008.
Based on the improved performance the directors of the company are recommending a dividend of N0.09 per share due to every shareholder of the company. The date of closure of register for members is stated as June 16, 2010 while payment is due for June 28, 2010.

Similarly, Goldlink Nigeria Plc’s audited result for the year ended December 31, showed a Gross premium of N3.2 billion, as against N2.8 billion recorded in 2008. The company’s profit after tax stood at N87.1 million, compared to N547 million in 2008.

The directors of the company are however recommending a dividend of N0.02 per share due to every shareholder of the company. The date of closure of register for members is stated as July 12, 2010 while payment is due for July 26, 2010.

For Spring Bank Nigeria Plc, its audited result for the eight months ended December 31, 2009 showed Gross earnings of N17.2 billion, as against N25.1 billion achieved during the 12 months period ended April 2009 while the banks loss after tax stood at N24.1 billion, compared to N10.2 billion recorded during the 12 months period ended April 2009.

Audited result of Oceanic Bank Nigeria Plc for the year ended December 31, 2009 showed Gross earnings of N196.4 billion, as against N118.2 billion recorded during the 15 months period ended December 2008 while loss after tax stood at N89 billion, compared to N234.6 billion during the 15 months period ended December 2008.

Livestock feeds Nigeria Plc’s audited result for the year ended December 31, 2009 showed a turnover of N2.1 billion, as against N2.3 billion recorded in 2008. The company’s profit after tax also stood at N29.9 million, compared to N45.7 million in 2008.

Audited result of Resort Savings & Loans Nigeria Plc for the year ended December 31, 2009 showed a turnover of N1.1 billion, higher than N660.3 million in 2008 while profit after tax increased to N308.3 million, from N180.4 million in 2008.

Unaudited result of Oceanic Bank Nigeria Plc for the first quarter ended March 31, 2010 showed Gross earnings of N30.30 billion, over N29,3 billion recorded in the comparable period in 2009. The banks profit after tax stood at N1.6 billion, compared with a loss after tax of N11.5 billion in 2009.

Spring Bank Plc’s unaudited result for the first quarter ended March 31, 2010 showed Gross earnings of N5.9 billion, as against N6.5 billion recorded in the comparable period in 2009 while profit after tax stood at N613.4 million, compared with loss after tax of N1.7 billion in 2008.

Unaudited result of BOC Gases for the first quarter ended March 31, 2010 showed a turnover of N555.7 million, as against N514.7 million recorded in the comparable period in 2009. Its profit after tax also stood at N77.6 million, higher than N73 million in 2009.

Evans Medical Plc’s unaudited result for third quarter ended September 30, 2009 showed a turnover of N2.7 billion, as against N2.8 billion recorded in the comparable period in 2008 while loss after tax stood at N391.2 million up from N17.2 million in 2008.

Unaudited result of Afribank Nigeria Plc for the first quarter ended March 31, 2010 showed Gross earnings of n25 billion, as against N93.5 billion recorded during the 9 months ended December 2009. The banks profit after tax stood at N1.9 billion, over loss after tax of N230.1 million recorded during the nine months ended December 2009.

May & Baker Nigeria Plc forecasts a turnover of N3.2 billion and profit after tax of N121.4 million during the third quarter ending September 30, 2010 while Courtville Investment  Plc’s turnover is for the third quarter ending September 30, 2010 is expected to hit N262.7 million with profit before tax of N95.2 million.

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