Archive for April, 2008

UBA’s New York branch fined $15million for breaking money laundering rules.

R.T BRISCOE (NIGERIA) PLC 1ST QUARTER RESULTS FOR THE PERIOD ENDED 31ST MARCH 2008 TURNOVER  08 N4.354b,       07 N3.836b PBT             08 N267.551m,  07 N219.901m TAXATION  08 (N85.616m)   07 (N70.368m) PAT            08 N181.935m,  07 N149.533m

NIGERIAN AVIATION HANDLING COMPANY PLC, UNAUDITED ACCOUNTS FOR THE PERIOD ENDED 31ST MARCH 2008 TURNOVER 08 N1.218b, 07 852.742m PBT     08 N306.715m,  07 N167.658m TAXA  08 (N98.149m)  07 (N53.651m) PAT    08 N208.566m,  07 N114.007m

CCNN (Cement Company of Northern Nigeria)PLC 1ST QUARTER RESULTS FOR THE PERIOD ENDED 31ST MARCH 2008 GROSS REV                  07 N2.535b        08 N2.191b PRODUCTION COST    07 N1.799b,       08 N1.467b GROSS PROFIT            07 N404.897m,   08 N446.351m SALES/ADMIN COST   07 N324.512m,   08 N318.721m NET P(Loss)AT           07 (N18.267m)    08 N135.321m

UNILEVER NIGERIA PLC, RESULT FOR 3 MONTHS ENDED 31 MARCH 2008 TURNOVER        08 N9.690b,   07 N8.290b PBT                   08 N1.582b,   07 N441m TAXATION       08 (N506m)    07 (N141m) PAT                  08 N1.076b,   07 N300m

STACO INSURANCE PLC, AUDITED ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2007 TURNOVER      07 N2.813b,        06 N1.636b PBT                 07 N868.177m,   06 N546.905m TAXATION      07 (N110.194m)   06 (N55.442m) PAT                07 N757.982b,     06 N491.462m PROPOSED DIVIDEND 12K

LAFARGE CEMENT WAPCO NIGERIA PLC, UNAUDITED FIRST QUARTER ENDED 31ST MARCH 2008 TURNOVER        08 N11.030b,    07 N9.525b PBT                    08 N2.290b,     07 N3.111b TAXATION        08 (N344m)       07 (N467m) PAT                  08 N1.946b,      07 N2.644b NOTE: OPERATING PROFIT WAS ADVERSLY IMPACTED BY INCREASED COST OF SALES AS A RESULT OF THE USE OF IMPORTED CLINKER.THE IMPORTED CLINKER BECAME […]

INTERNATIONAL BREWERIES PLC, AUDITED ACCOUNT FOR THE YEAR ENDED DECEMBER 31ST 2007 TURNOVER                           07 N561.668m,        06 N313.047m EXCEPTIONAL ITEMS            07 (N91.296m)         06 (N143.010m) LOSS/ BEFORE TAXATION    07 (N118.214m)       06(361.360m)

ECOBANK NIGERIA PLC AUDITED ACCOUNT ENDED DECEMBER 31, 2007 GROSS EARNINGS     07 N32.709b,     06 N17.258b PBT                          07 N10.096b,    06 N5.011b TAXATION               07 (N2.646b)    06 (N1.453b) PAT                         07 N7.449b,        06 N3.558b PRPOSED DIVIDEND /SHARE 24K

Here are different reports, reviews and analysis of the NSE by FSDH, Meristem, and Zenith for the week that just ended. FSDH Zenith Meristem

Zenith Bank to lauch 3 mutual funds – Zenith Equity Fund, Zenith Income Fund and Zenith Ethical Fund. They will be joining other banks such as IBTC, ARM, and Oceanic Banks in the mutual fund business. My main issue with these mutual funds is that there is little information on their performance, price history and […]

You can review the FSDH weekly market review here . They had an interesting article on whether the banks were making too much profit. My personal opinion is that they do. They are declaring some very ridiculous profits these days and it is hard to justify how they are making these huge sums. They reviewed […]


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