GSK and Flour Mills declare results

GSK and Flour Mills declare results

March 28, 2008

 

GSK Plc and Flour Mills Nigeria Plc released their financial results for on the floor of the Nigerian Stock Exchange today.

 

        GLAXOSMITHKLINE CONSUMER NIGERIA PLC AUDITED ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2007
 
2007
2006
CHANGE
% CHANGE
 
N\'b
N\'b
N\'b
%
TURNOVER
9.910
10.380
-0.470
-4.53
PBT
1.160
  1.520
-0.360
-23.68
TAXATION 
0.330
-  0.440
0.110
25.00
PAT
0.837
   1.080
-0.243
-22.50
PROPOSED DIVIDEND
45 KOBO
 
 
 
CLOSURE DATE
5TH MAY, 2008
 
 
 
PAYMENT DATE
28TH MAY, 2008
 
 
 
 
SHORT TERM
MEDIUM/LONG TERM
 
 
CURRENT PRICE
24.67
  24.67
 
 
PROJECTED PRICE
18.39
   21.46
 
 
CAP. APPRECIATION (FORECAST)
-6.28
-3.21
 
 
CAP. APPRECIATION (FORECAST) %
-25.46
-13.01
 
 
RECOMMENDATION
SELL
HOLD
 
 
         
         
                                           FLOUR MILLS OF NIGERIA PLC UNAUDITED THIRD QUARTER RESULT FOR THE PERIOD ENDED 31 DECEMBER 2007
 
2007
2006
CHANGE
% CHANGE
 
N\'b
N\'b
N\'b
%
TURNOVER
 74.500
58.980
15.520
26.31
PBT
   5.210
  5.570
-0.360
-6.46
TAXATION 
1.570
- 1.670
0.100
5.99
PAT
3.640
  3.900
-0.260
-6.67
 
SHORT TERM
MEDIUM/LONG TERM
 
 
CURRENT PRICE
94.00
94.00
 
 
PROJECTED PRICE
65.62
76.56
 
 
CAP. APPRECIATION (FORECAST)
-28.38
-17.44
 
 
CAP. APPRECIATION (FORECAST) %
-30.19
-18.55
 
 
RECOMMENDATION
SELL
SELL
 
 

 


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