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   Market Date: 29-01-2015   
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Category: Corporate Earnings

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Audited result for the year ended 31st December 2008 shows Turnover of N80,081 million as against N68,529 million in 2007. Profit after tax, and extra-ordinary items stood at N15.7 million compared Profit after tax of N3,172 million in 2007. The date of closure of register of members is May 18, 2009. The 57th Annual General Meeting is scheduled to hold at the Mainland Hotel, Ebute Metta, Oyingbo, Lagos on Wednesday, June 17, 2009 by 11.00a.m. The Board of Directors explained that on December 18, 2008, the production plant in Benin was substantially damaged by fire. He extra-ordinary item consists of an impairment charge on company assets of N3,166,038,662 reduced by N1,000,000,000 being confirmation of the first interim payment received from the insurers. 

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