Afribank Nigeria Plc half year results & projections

Afribank Nigeria Plc half year results & projections

January 11, 2008/ZSL

 

Afribank Nigeria Plc released their unaudited Q3  financial results on the floor of the Nigerian Stock Exchange for the period ended December 31, 2007


AFRIBANK NIGERIA PLC UNAUDITED Q3  RESULT FOR THE PERIOD ENDED 31 DEC 2007

 

2007

2006

CHANGE

% CHANGE

 

N\'b

N\'b

N\'b

%

GROSS EARNINGS

  29.314

14.673

14.641

99.78

PBT

  11.040

 3.598

7.442

206.84

TAXATION

    3.529

- 1.150

-2.379

-206.87

PAT

7.511

 2.448

5.063

206.82

 

SHORT TERM

MED/LONG TERM

 

 

CURRENT PRICE

30.49

30.49

 

 

PROJECTED PRICE

20.76

24.22

 

 

CAP. APPR (FORECAST)

-9.73

-6.27

 

 

CAP. APPR (FORECAST) %

-31.91

-20.56

 

 

RECOMMENDATION

SELL

SELL

 

 

 


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