Unilever Nigeria Plchas restated its commitment to the improvement in the lives of the people and the society, especially through educational support for the children. The Managing Director, Mr. Thabo Mabe, Mabe said this during the official inauguration of Unilever Volunteering Programme, helsd at Olusosun Primary School in Lagos.
The household producing firm recorded price depreciation in 2008 with -52.49% decline recorded. The stock resumed uptrend to erase previous losses with +78.23% gains recorded while further gain was also recorded in 2010 with +45.41% appreciations recorded. The stock closed 2011 with +7.81% appreciations while it has recorded +7.10% YTD gains in 2012.
Honeywell Flour Mills Plc said its ongoing expansion project, when fully commissioned in September, will boost its production capacity to 2,600 metric tonnes per day from 1,000 metric tones, representing an increase of 62 per cent.
The stock recorded -40% and -54.71% losses in 2010 and 2011 respectively. It has so far recorded -12.99% YTD loss in 2012 while the firm records positive turnover and PAT growths in its Audited 2012 financials. Sovereign Trust Insurance Plc, has opened two more branches for operations in Ilorin, the capital of Kwara State and Osogbo in Osun State as part of moves to further penetrate the insurance market while also extending its services to other areas of the country.
The insurance outfit recorded price decline of -72.34% and -57.26% in 2008 and 2009 respectively while it closed flat in subsequent years. The stock currently trades at the nominal price of 50k while it has recorded flat position so far in 2012. National Salt Company of Nigeria Plc, (NASCON), a Subsidiary of Dangote Group, is to pay out N1.855 billion as dividend for 2011 business year, a development applauded by the shareholders, who saw the performance of the company as commendable in view of the harsh operating environment.
The stock share price recorded -64.87% and -27.38% losses in 2008 and 2009 while the stock recorded +46.90% price appreciations in 2010 with -37.25% loss recorded in 2011. The stock has so far recorded +19.70% price appreciations in 2012. Custodian and Allied Insurance Plc is optimistic its growth trend would continue in the years ahead, as it strategically positions for market competition. The Company says its growth trajectory both organically and through mergers and acquisitions were on course and would continue in the current financial year.
The firm’s share price went down by -36.02% in 2008 while it further went down by -7.44% in 2009. It resumed uptrend in 2010 with +10.14% gains recorded while the stock closed 2011 negative with -27.62% loss. In 2012, it has so far recorded -35.09% YTD losses.
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