August 25 , 2008
AIICO today released its un-audited results for the period ended 30th June, 2008. Turnover increased by 112.86% to N1.812 billion, PBT increased by 135.46% to N645 million while PAT also jumped up by 135.46% to N246 million.
Furthermore, Neimeth released its un-audited second quarter results for the period ended 30th June, 2008. Turnover increased marginally by 12.65% to N348.89 million, PBT increased by 152.23% to N30.442 million, while PAT increased by 135.52% to N20.701 million.
With these results, both stocks experienced selling pressure causing Neimeth and AIICO to experience price depreciation and lose 2.52% and 2.78% respectively.