International Breweries today released its un-audited results for the half year ended 30th June, 2008. Turnover jumped by 114.67% to N501 million, PBT also increased by 170.15% to N56.53 million, while PAT also increased by 170.15% to N56.53 million, from loss of N80.59million in the corresponding period of 2007.
Okitipupa Oil released its audited results for the year ended 31st December, 2007. Turnover grew by 15.22% to N214.3 billion, however, PBTand PAT decreased by 11.19% and 29.87% to N12.7 million and N12.7 million respectively.
In addition, Cutix today released its audited result for the financial year ended 30th April, 2008. Turnover grew by 22.64% to N1.3 billion, PBT inched up by 4.24% to N195.5 million, however, PAT declined by 5.92% to N114.48 million, from N121.69 million in the corresponding period of 2007. With this result, the companyÃƒÆ’Ã†â€™Ãƒâ€šÃ‚Â¢ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â€šÂ¬Ã…Â¡Ãƒâ€šÃ‚Â¬ÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â€šÂ¬Ã…Â¾Ãƒâ€šÃ‚Â¢s EPS is estimated to be 21 kobo while PE ratio is estimated to be 52x. The stock however, closed on full offer, causing the share price to lose full 1%.