Results - Four firms present scorecards to NSE

Proshare

By Adeyemi Adepetun

 

Four quoted companies presented their scorecards to the Nigerian Stock Exchange (NSE) and shareholders last week.

 

Specifically, ASO Savings and Loans Plc\'s unaudited result for the third quarter ended December 31, 2008, shows a turnover of N7.9 billion, as against N6.2 billion in the comparable period of 2007. For UNIC Insurance Plc, the unaudited result for the third quarter ended September 30, 2008, showed a Gross Premium of N1.84 billion, as against N1.4 billion in the comparable period of 2007.

 

UNIC Insurance Plc profit after tax stood at N365.25 million compared with N281.85 million recorded in 2007. The unaudited result of Guinea Insurance Plc for the third quarter ended September 30, 2008, showed a Gross Premium of N711.4 million as against N202.21 million recorded in the comparable period of 2007. The company further stated that its profit after tax stood at N180.02 million compared with N55.8 million in 2007.

 

Similarly, the unaudited result of Academy Press Plc for half year ended September 30, 2008, showed a turnover of N773.6 million, as against N754.42 million in the comparable period of 2007, while its profit after tax stood at N7.8 million compared with 2007 result of N43.8 million.

 

However, Access Bank Plc has forecast gross earnings of N24.24 billion and profit after tax of N5.4 billion during the fourth quarter ending March 31, 2009. Similarly, Vitafoam Nigeria Plc has forecast a turnover of N4.71 billion and profit after tax of N292.01 million during the half year ending March 31, 2009.

 

Meanwhile, on Supplementary Listing, the NSE said that in last week, a total of 80,750,000 shares were added to the shares outstanding in the name of Longman Nigeria Plc following the conclusion of Placing in favour of Longman Group (Oversea Holdings) Limited. It added that the technical suspension was subsequently lifted.

 

Nevertheless, the NSE also informed that N3.375 billion was delisted from Access Bank Plc N13.5 billion Naira Denominated three-year Redeemable Correctable Bond last week, as a result of the confirmation of redemption payment.

 

Also, the second FGN Bond 2008 (series7) and second FGN Bond 2008 were delisted from the Daily Official list last week based on maturity and confirmation of retirement. By this action, the number of listed FGN bonds and securities decreased to 35 and 29 respectively. - Guardian

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