Dangote Cement Plc said it has commenced a systematic liberalization of the product distribution which will make increased local production translate to cheaper cement. The company which accounts for over 70% of local production has continued to invest more and establish new plants to ensure enough cement for home consumption and export.
The stock share price closed negative in 2010 and 2011 with -11.11% and -7.69% in that order while it also recorded +1.56% gains in 2012 so far. The company also recorded positive growth performance in its Q1 2012 financials.
Goldlink Insurance Plc said it has paid claims worth N929 million in the first half of 2012 which ended June 30. Managing Director of the company, Mr. Femi Okunniyi said that the firm has a competitive edge over its peers in terms of qualified manpower, information technology platform and good corporate governance.
The Insurance firm’s share price recorded -50.26% loss in 2008 while it went up marginally in 2009 by +1.06%. The stock resumed downtrend in 2010 with -47.37% losses while parts of the loss were erased in 2011 with +34% gains recorded. In 2012 so far, the stock has recorded -25.37% YTD loss.
Niger Insurance Plc says it has begun to deploy electronic platforms and facilities to its regional offices and branches across the nation. Managing Director, Mr. Justus Uranta said the company’s operation is guided by business ethics as it engages in continuous research and development to improve service delivery.
The Insurance outfit’s stock closed negative throughout the periods of review as it records -51.49%, -70.15%, -38.14% and -16.67% in 2008, 2009, 2010 and 2011 while it has recorded positive YTD performance of +2.00% in 2012 so far. The company recorded negative growths in its gross earnings and positive PAT growths in its Q4 2011 financials.
Staco Insurance Plc has stated plans to sustain human capital development by sending its employees to the West African Insurance Institute (WAII) in Banjul Gambia to enrich their knowledge. The company’s Managing Director, Mr. Sakiru Oyefeso at a Media chat said that management has resolved that the training at the WAII will be on an annual basis. The Insurance outfit share price went up by +65.43% in 2008. The stock witnesses a reverse trend in subsequent years as it closed 2009 and 2010 with -81.34% and -57.98% losses. The stock closed 2011 flat as it currently trades at the nominal price of 50k. Similarly, its price has also remained unchanged in 2012.
Lafarge WAPCO Plc said it is beginning to reap the benefit of its expansion project going by the company’s performance for the year ended December 31, 2011. Shareholders got a dividend of 75 kobo, 200% higher than the 25 kobo paid in 2010. The company has promised higher returns going by its unaudited half year result to June 30, 2012.
The cement firm stock recorded -69.3% losses in 2008 while it went up by +20.0% and +35.7% in 2009 and 2010 respectively. The stock sustained uptrend by +5.5% price appreciations in 2011 while it has recorded a positive performance in 2012 with +0.58% marginal YTD gains recorded so far.
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