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Flour Mills rakes in N117b turnover in third quarter

Category: Capital Market


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Flour Mills rakes in N117b turnover in third quarter

 

Flour Mills Nigeria Plc has recorded N117.4 billion turn-over in its third quarter ended December 31, 2009.

 

 

By the result presented to the council of the Nigeria Stock Exchange and their shareholders last week, the company's unaudited result for the third quarter ended December 31, 2009 showed a turnover of N117.4 billion, over N112.2 billion recorded in the comparable period in 2008 while profit after tax stood at N8.5 billion, higher than N756.8 million recorded in 2008.

 

 

Similarly, unaudited result of Royal Exchange Plc for the third quarter ended September 30, 2009 showed Gross Premium of N2.8 billion, as against period in 2008. The company's profit after tax also stood at N602.4 million, up from N132.7 million in 2008.

 

 

For Sovereign Trust Insurance Plc, its unaudited result for the third quarter ended September 30, 2009 showed Gross Premium of N3.8 billion, higher than N3 billion recorded in the comparable period in 2008 while its profit after tax stood at N107.3 million, compared to N529.7 million in 2008. Unaudited result of Adswitch Nigeria Plc for the half-year ended October 31, 2009 showed a turnover of N100.5 million, higher than N22.2 million recorded in the comparable period in 2009. Its profit after tax stood at N7.6 million, compared with loss before tax of N1.5 million in 2008.

 

 

National Sport Lottery Plc forecasts a turnover of N2.1 billion and profit after tax of N263.3 million during the first quarter ending March 31, 2010. Tantalizers Niger Plc forecasts Gross sales of N1.3 billion and profit after tax of N27.8 million during the first quarter ending March 31, 2010 and gross sales with profit after tax of N6.2 billion and N420.5 million during the year ending December 31, 2010.

 

 

Seven-Up Nigeria Plc forecasts a turnover of N12.9 billion and profit after tax of N761.7 million during the fourth quarter ending March 31, 2010. Royal Exchange Plc forecasts a gross premium of N5 billion and profit after tax of N612.0 million during the year ending March 31, 2010 as well as a gross premium of N1.2 billion with profit after tax of N153.0 million during the first quarter ending March 31, 2010.

 

 

Flour Mills Nigeria Plc forecasts a turnover of N156.9 billion and profit after tax of N11.6 billion during the year ending March 31, 2010 while International Integrity Fund audited for the year ended February 2009 showed total income of N62.21 million, against N101.5 million in 2008.

 

(Source:Guardian)



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