Intercontinental Bank has release results for FY ‘08 . And has become the norm, declared some humongous profits. The results and the statement from the bank are below:
| INTERCONTINENTAL BANK PLC. |
|
|
| 2008 AUDITED ACCOUNT. |
|
|
|
2008 |
2007 |
| TURNOVER |
N173.5B |
N87.3B |
| PBT |
N45.6B |
N22.5B |
| TAX |
N10.8B |
N7.0B |
| PAT |
N34.7B |
N15.4 |
Intercontinental Bank Consolidates Leadership Position With Asset Base at 1.7 Trillion
Intercontinental Bank Plc, has announced its financial results for the year ended February 2008 which shows a deposit base of N1.05 trillion, up by 126 per cent from N468 billion in the previous year. The total assets plus contingents rose to N1.7 trillion, up by 108 per cent from N823 billion, thus making the bank the first to hit trillion mark in deposit and also giving it number one position in total assets.
Financial analysts attribute the unprecedented growth in the bank’s deposits portfolio to robust customer confidence. The customer base has been on the rise since post consolidation.
The bank also recorded a phenomenal growth in gross earnings which stood at N173.5 billion, an increase of 99 per cent over the N87.4 billion recorded in the previous year. Profit before tax grew by a whopping 102 per cent to N45.6 billion, as against N22.6 billion in 2007, while profit after tax soared by 125 per cent to N34.8billion during the period under review. The capital base also rose to N200 billion from N157 billion.
The sterling performance is due largely to the effective delivery of its business model introduced in 2006 to drive its businesses across geographical and sectoral divergence of the banking public.
Intercontinental bank recently embarked upon a strategic repositioning drive to dominate retail markets across the country, leverage on its strong corporate finance business and massive market response to the bank’s consistent delivery on its brand promises to make customers happy with excellent banking services.
The Group Chief Executive, Dr. Erastus Akingbola said the exceptional performance represents a bold step in the bank’s global strategy of benchmarking the best financial institution in the international arena while positioning to become the number one bank in Nigeria among top five in Africa and top 100 in the world by 2010.
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Results for Ikeja Hotel, Nigerian Ropes, Mutual Benefits Assurance, Vitafoam, Total and Staco Insurance:
| IKEJA HOTEL PLC |
|
|
| UNAUDITED 1ST QUARTER RESULT FOR THE PERIOD ENDED 31-03-2008 |
|
|
|
2007 |
2008 |
| TURNOVER |
N1.558b |
N1.320b |
| PBT |
N380.0m |
N272.146m |
| TAX |
(N121.611m) |
(N87.087m) |
| PAT |
N258.424m |
N185.059m |
|
|
|
| NIGERIAN ROPES PLC |
|
|
| YEAR ENDED DECEMBER 31, 2006 |
|
|
|
2006 |
2005 |
| TURNOVER |
N450.707m |
N417.564m |
| PBT |
N37.074m |
N24.791m |
| TAX |
(N14.320m) |
(N10.554m) |
| PAT |
N22.754m |
N14.237m |
|
|
|
| MUTUAL BENEFITS ASSURANCE PLC |
|
|
| YEAR ENDED 31ST DECEMBER 2007 |
|
|
|
2007 |
2006 |
| GROSS PREMIUM |
N2.210b |
N1.947b |
| PBT |
N1.218b |
N742.304m |
| TAX |
(N180.616m) |
(N40.084m) |
| PAT |
N1.037b |
N702.220m |
| PROPOSED DIVIDEND/SHARE 6KOBO |
|
|
| CLOSURE OF REGISTER JUNE 16-21, 2008 |
|
|
|
|
|
| VITAFOAM NIGERIA PLC |
|
|
| UNAUDITED RESULTS FOR HALF YEAR ENDED 31ST MARCH 2008 |
|
|
|
2008 |
2007 |
| TURNOVER |
N4.107b |
N2.844b |
| PBT |
N438.254m |
N304.492m |
| TAX |
(N140.241m) |
(N97.437m) |
| PAT |
N298.013m |
N207.055m |
|
|
|
| TOTAL NIGERIA PLC |
|
|
| FIRST QUARTER RESULTS FOR THE PERIOD ENDED 31ST MARCH 08 |
|
|
|
2008 |
2007 |
| TURNOVER |
N41.449b |
N34.317b |
| PBT |
N1.416b |
N1.110 |
| TAX |
(N487m) |
(N405m) |
| PAT |
N928m |
N705m |
| |
|
|
| STACO INSURANCE PLC |
|
|
| UNAUDITED RESULT FOR THE PERIOD ENDED 31ST MARCH 2008 |
|
|
|
2008 |
2007 |
| TURNOVER |
N1.239b |
N569m |
| PBT |
N659.204m |
N250.352m |
| TAX |
(N65.920m) |
(N25.455m) |
| PAT |
N593.283m |
N224.897m |
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Results for Interlinked Technologies, NASCON, and Nigerian Enamelware PLC.
| INTERLINKED TECHNOLOGY PLC: |
| UNAUDITED HALF-YEAR RESULT ENDED 31 DECEMBER 2007. |
|
2007 |
2006 |
| TURNOVER |
N67.9m |
N27.0m |
| PBT |
N26.4m |
N1.8m |
| TAX |
N5.5m |
N0.569m |
| PAT |
N20.9m |
N1.2m |
|
|
|
| NATIONAL SALT COMPANY OF NIGERIA PLC: |
| AUDITED ACCOUNT FOR THE YEAR ENDED DECEMBER 31, 2007. |
|
2007 |
2006 |
| TURNOVER |
N6.3b |
N13.4m |
| PBT |
N1.8b |
N(14.9m) |
| TAX |
(N492.5m) |
|
| PAT |
N1.3b |
(N14.9m) |
| PROP. DIV. DEC 07 N0.40K PROP. |
| BONUS ISSUE 1 FOR 5 |
|
| CLOSURE OF REGISTER 24TH- 27TH JUNE, 2008, |
| PAYMENT DATE IS ON 17TH JULY, 2008 |
|
|
|
| NIGERIAN ENAMELWARE PLC |
|
| AUDITED ACCOUNT FOR THE YEAR ENDED SEPTEMBER 30, 2007 |
|
2007 |
2006 |
| TURNOVER |
N1.568b |
N1.573b |
| PBT |
N38.233m |
N31.411m |
| TAX |
(N13.694m) |
|
| PAT |
N24.539m |
N20.743m |
| PROPOSED DIVIDEND/SHARE 60K |
| CLOSURE OF REGISTER JUNE |
|
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Attached is FSDH Securities’ analysis of Dangote Sugar for the first quarter.
Here are the highlights:
- 4% growth in turnover from N20.063billion to N20.9billion
- 24.7% growth in profit before tax to N8.93billion from N7.15billion
- 24.63% growth in profit after tax to N6.69billion from N5.36billion
- Reduction in cost as percentage of business
- Decrease in cost of goods sold
- Dividend of N1.7k and bonus of 1 for 5
Dangote Sugar Q1 Analysis (23)
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Analysis of the Zenith Bank Q3 Results and UBA’s Q2 Results by FSDH Securities .
UBA Q2 Results Analysis (40)
Zenith Q3 Results Analysis (42)
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Results for John Holt, UACN Properties and Presco PLC
| JOHN HOLT PLC AUDITED RESULT FOR THE YEAR ENDED 30TH SEPTEMBER 2007 |
| YEAR END SEPT 2007 |
|
|
|
2007 |
2006 |
| TURNOVER |
N16.551b |
N11.927b |
| PBT |
N95m |
(N376m) |
| TAX |
(N57m) |
(N100m) |
| PAT |
N38m |
(N476m) |
| CLOSURE OF REGISTER 18TH JULY 2008 |
|
|
|
|
| UACN -PROPERTY DEVELOPMENT PLC, UNAUDITED FIRST QUARTER RESULT FOR THE PERIOD ENDED MARCH 31, 2008 |
| 1ST QTR MAR 2008 |
|
|
|
2008 |
2007 |
| TURNOVER |
N1.638b |
N1.075b |
| PBT |
N545.651m |
N300.942m |
| TAX |
(N174.604m) |
(N96.301m) |
| PAT |
N371.043m |
N204.641m |
|
|
|
|
|
|
| PRESCO PLC, AUDITED ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2007 |
| YE DEC 2007 & 1ST QTR MAR 2008 |
|
|
2007 |
2006 |
| TURNOVER |
N2.266b |
N2.104b |
| EXCEPTIONAL ITEMS |
N32.315m |
|
| PBT |
N239.913m |
N293.711m |
| TAX |
(N202.662m) |
(N76.841m) |
| PAT |
N37.251m |
N216.870m |
| PROPOSED DIVIDEND /SHARE 5KOBO |
|
| PROPOSED BONUS ISSUE 1 FOR 1 |
|
| CLOSURE DATE 30TH JUNE TO 4TH JULY 2008 |
| PAYMENT DATE 30TH JULY 2008 |
|
| NOTE AGM : FRIDAY 11TH JULY 2008. |
|
|
|
|
|
|
|
| PRESCO PLC, UNAUDITED FIRST QUARTER RESULT FOR THE PERIOD ENDED MARCH 31, 2008 |
|
2008 |
2007 |
| TURNOVER |
N766.826m |
N424.219m |
| PBT |
N213.382m |
N83.089m |
| TAX |
(N6.202m) |
(N3.431m) |
| PAT |
N207.179m |
N79.657m |
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Below are the results for UBA, Sterling Bank and Equity Assurance:
| UBA PLC |
|
|
| AUDITED HALF YEAR ACCOUNT FOR THE PERIOD ENDED MARCH 31, 2008 |
|
2008 |
2007 |
| GROSS EARNINGS |
N78.103b |
N46.883b |
| EXCEPTIONAL ITEMS |
(N1.740b) |
|
| PBT |
N20.125b |
N11.761b |
| TAX |
(N1.705b) |
(N996m) |
| PAT |
N18.420b |
N10.765b |
| PROPOSED DIVIDEND |
25K |
|
| PROPOSED BONUS 1 FOR 2 |
|
|
| CLOSURE DATE 2ND JUNE TO 4TH JUNE 2008 |
|
|
|
|
|
|
| EQUITY ASSURANCE PLC |
|
|
| UNAUDITED 1ST QUARTER ACCOUNT FOR THE PERIOD ENDED MARCH 31ST 2008 |
|
2008 |
2007 |
| GROSS WRITTEN |
N843.593m |
N472.798m |
| PBT |
N453.439m |
N126.999m |
| TAX |
(N44.878m) |
(N13.969m) |
| PAT |
N408.561m |
N113.029m |
|
|
|
| STERLING BANK PLC |
|
|
| AUDITED ANNUAL ACCOUNT FOR THE YEAR ENDED SEPTEMBER 30, 2007 |
|
2007 |
2006 |
| GROSS EARNING |
N23.864b |
N12.857b |
| PBT |
N2.226b |
N728.181m |
| TAX |
|
|
| PAT |
N1.938b |
N1.073b |
|
|
|
| STERLING BANK PLC |
|
|
| UNAUDITED ACCOUNT FOR SIX MONTHS ENDED MARCH 31, 2008 |
|
2008 |
2007 |
| GROSS EARNINGS |
N17.391b |
N9.704b |
| PBT |
N3.690b |
N1.329b |
| TAX |
(N608.554m) |
(N216.851m) |
| PAT |
N3.081b |
N1.112b |
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| BERGER PAINTS NIGERIA PLC , |
|
| AUDITED ACCOUNTS FOR THE YEAR ENDED 31-12-2007 |
|
2007 |
2006 |
| TURNOVER |
N2.275b |
N2.300b |
| PBT |
N211.907m |
N110.386m |
| TAXATION |
(N99.288m) |
(N28.708m) |
| PAT |
N112.619m |
N81.678m |
| CLOSURE DATE 9TH TO 12TH JUNE 2008 |
| NOTE: AGM AT SHELL NIGERIA HALL OF MUSON CENTRE 8/9 MARINA LAGOS ON THE TUESDAY 8TH JULY 2008 AT 11.00A.M. |
|
|
|
| IPWA PLC |
|
|
| UNAUDITED RESULT FOR THE FIRST QUARTER ENDED 31-03-2008 |
|
2008 |
2007 |
| TURNOVER |
N119.342m |
N81.861m |
| PBT |
N38.738m |
(N15.686m) |
| TAX |
N956,000 |
|
| PAT |
N37.782m |
(N15.686m) |
|
|
|
| MOBIL OIL NIGERIA PLC |
|
| UNAUDITED FIRST QUARTER RESULT ENDED 31-03-2008 |
|
2008 |
2007 |
| TURNOVER |
N15.686b |
N14.577b |
| PBT |
N925m |
N734m |
| TAX |
N299m |
N236m |
| PAT |
N626m |
N498m |
|
|
|
| OASIS INSURANCE PLC |
|
| 1ST QUARTER UNAUDITED FINANCIAL STATEMENT FOR THE PERIOD ENDED MARCH 31ST |
|
2008 |
2007 |
| TURNOVER |
N160.363m |
N40.683m |
| PBT |
N135.518m |
N21.092m |
| TAX |
N54.207m |
N7.812m |
| PAT |
N81.310m |
N13.280m |
|
|
|
| ECOBANK NIGERIA PLC |
|
| 1ST QUARTER UNAUDITED FINANCIAL STATEMNET FOR THE PERIOD ENDED MARCH 31ST |
|
2008 |
2007 |
| TURNOVER |
N11.355b |
N6.580b |
| PBT |
N2.566b |
N2.058b |
| TAXATION |
(N821.279m) |
(N658.733m) |
| PAT |
N1.745b |
N1.399b |
|
|
|
| A.G LEVENT NIGERIA PLC |
|
| UNAUDITED FIRST QUARTER RESULT ENDED 31-03-2008 |
|
2008 |
2007 |
| TURNOVER |
N2.118b |
N1.435b |
| PBT |
(N76.310m) |
N55.977m |
| PAT |
N162.159m |
N117.803m |
| MINORITY INTEREST EXTRA ORDINARY ITEMS |
|
(N26.896m) |
(N11.903m) |
| PAT & MINORITY INTEREST |
|
|
N135.262m |
N105.900m |
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New company results for Oando, Consolidate Hallmark Insurance, Dangote Sugar, Poly Producs
| CONSOLIDATED HALLMARK INSURANCE PLC, 1ST QUARTER RESULTS FOR THE PERIOD ENDED 31ST MARCH 2008 |
| 1ST QTR MAR 2008 |
|
|
|
2008 |
2007 |
| GROSS PREMIUM |
N714.155m |
N249.041m |
| PBT |
N320.587m |
N85.343m |
| TAXATION |
(N57.086m) |
(N400.000.00) |
| PAT |
N263.500m |
N84.943m |
|
|
|
| POLY PRODUCTS NIGERIA PLC UNAUDITED RESULT FOR HALF YEAR ENDED 30TH SEPTEMBER 2007 |
| HALF YEAR & 9 months RESULTS 2007 |
|
2007 |
2006 |
| TURNOVER |
N775.371m |
N866.091m |
| PATAXATION |
(N5.666m) |
(N3.318m) |
| PATAXATION |
N13.221m |
N7.743m |
|
|
|
| POLY PRODUCTS NIGERIA PLC, UNAUDITED RESULT FOR NINE MONTHS ENDED 31ST DECEMBER 2007 |
| TURNOVER |
N1.211b |
N1.253b |
| PBTAXATION |
N29.729m |
N21.893m |
| TAXATION |
(N8.918m) |
(N6.567m) |
| PAT |
N20.810m |
N15.325m |
|
|
|
| ALUMINUM EXTRUSION INDUSTRIES PLC, UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2008 |
| 1ST QTR MAR 2008 |
|
|
|
2008 |
2007 |
| TURNOVER |
N280.471m |
N247.970m |
| PBT |
N10.620m |
N6.550m |
| TAXATION |
(N1.500m) |
(N690,000) |
| PAT |
N9.120m |
N5.860m |
|
|
|
| OANDO PLC, FIRST QUARTER RESULTS FOR THE PERIOD ENDED 31-03-2008 |
| 1ST QTR MAR 2008 |
|
|
|
2008 |
2007 |
| TURNOVER |
N69.363b |
N46.949b |
| PBT |
N1.768b |
N1.342b |
| TAXATION |
(N369b) |
(N269m) |
| PAT |
N1.399b |
N1.073bn |
|
|
|
| AFRICAN PETROLEUM PLC, UNAUDITED RESULT FOR THE FIRST QUARTER ENDED 31-03-2008 |
| 1ST QTR MAR 2008 |
|
|
|
2008 |
2007 |
| TURNOVER |
N35.111b |
N26.151b |
| PBT |
N3.186b |
N2.105b |
| TAXATION |
(N796.689m) |
(N631.689m) |
| PAT |
N2.390b |
N1.473b |
|
|
|
| DANGOTE SUGAR REFINARY PLC, UNAUDITED FIRST QUARTER RESULT FOR THE PERIOD ENDED MARCH 31, 2008 |
| 1ST QTR MAR 2008 |
|
|
|
2008 |
2007 |
| TURNOVER |
N20.943b |
N20.036b |
| PBT |
N8.930b |
N7.158b |
| TAXATION |
(N2.240b) |
(N1.790b) |
| PAT |
N6.690b |
N5.368b |
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Consolidated Hallmark posted its 1st Quarter results for the period ended March 31, 2008. The company recorded 186.8% and 210.2% growths in Gross premium and PAT.
| CONSOLIDATED HALLMARK INSURANCE PLC |
|
| UNAUDITED FIRST QUARTER RESULTS FOR THE PERIOD ENDED MARCH 31, 2008 |
| PERIOD |
2008 |
2007 |
Absolute CHG |
% CHG |
| GROSS PREMIUM (N’ m) |
714.16 |
249.04 |
465.12 |
186.8% |
| PBT(N’ m) |
320.59 |
85.34 |
235.25 |
275.6% |
| TAX (N ‘m) |
-57.09 |
-0.40 |
-56.69 |
14171.5% |
| PAT (N’ m) |
263.50 |
84.94 |
178.56 |
210.2% |
| PROFIT MARGIN |
37% |
34% |
|
|
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The following companies have released their results:
John Holt (1st Qtr), Guiness (3rd Qtr), Glaxo Smithkline (1st Qtr), Morison Industries (1st Qtr), and CAP Plc (1st Qtr).
| 1ST QTR RESULTS ENDED DEC 31, 2007 |
| JOHNHOLT PLC, 1ST QUARTER RESULT FOR THE PERIOD ENDED 31ST DECEMBER 2007 |
|
2007 |
2006 |
| TURNOVER |
N5.292b |
N3.603b |
| P(LOSS)BT |
N148m |
(N67m) |
| TAXATION |
(N15m) |
(N19m) |
| P(LOSS)AT |
N133m |
(N86m) |
|
|
|
| 3RD QTR MARCH 2008 |
|
|
| GUINNESS NIGERIA PLC. 3RD QUARTER ENDED 31ST MARCH, 2008. |
|
2008 |
2007 |
| TURNOVER |
N49.5B |
N44.4B |
| PBT |
N11.10B |
N10.0B |
| TAXATION |
N3.5B |
N3.2B |
| PAT |
N7.55B |
N6.84B. |
|
|
|
| FIRST QTR RESULTS ENDED MARCH 31, 2008 |
| GLAXO SMITHKLINE NIGERIA PLC. 1ST QUARTER ENDED 31ST MARCH, 2008. |
|
2008 |
2007 |
| TURNOVER |
N2.96B |
N2.15B |
| PBT |
N588.34M |
N260.22M |
| TAXATION |
N182.38M |
N78M |
| PAT |
N405.95M |
N182.15M |
|
|
|
| FIRST QTR RESULTS ENDED MARCH 31, 2008 |
| MORISON INDUSTRIES PLC. 1ST QUARTER ENDED 31ST MARCH 2008. |
|
2008 |
2007 |
| TURNOVER |
N104.6M |
N40.597M |
| PBT |
N11.86M |
N2.65M |
| TAXATION |
N3.796M |
N0.849M |
| PAT |
N8.067M |
N1.805M. |
|
|
|
| FIRST QTR RESULTS ENDED MARCH 31, 2008 |
| CAP PLC. 1ST QUARTER ENDED 31ST MARCH 2008. |
|
2008 |
2007 |
| TURNOVER |
N553.6M |
N557.0M |
| PBT |
N254.0M |
N114.22M |
| TAXATION |
N81.28M |
N36.55M |
| PAT |
N172.73M |
N77.67M |
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UAC Nigeria Plc declares results dividend of N1.20k
|
UAC NIGERIA PLC. AUDITED YEAR-END RESULT FOR THE PERIOD ENDED 31 DEC 2007
|
|
|
2007 N’b
|
2006 N’b
|
CHANGE N’b
|
% CHANGE
|
|
TURNOVER
|
31.478
|
28.403
|
3.075
|
10.83
|
|
EXCEPTIONAL ITEMS
|
-0.300
|
-0.334
|
0.034
|
-10.18
|
|
PROFIT BEFORE TAX
|
5.086
|
3.893
|
1.193
|
30.64
|
|
TAXATION
|
1.303
|
1.074
|
0.229
|
21.32
|
|
PROFIT AFTER TAX
|
3.782
|
2.819
|
0.963
|
34.16
|
|
MINORITY INTEREST
|
0.724
|
-0.482
|
-0.242
|
50.21
|
|
EXTRA-ORDINARY ITEMS
|
|
0.866
|
|
|
|
PAT & EXTRA-ORD ITEMS
|
3.058
|
3.203
|
-0.145
|
-4.53
|
|
PROPOSED DIVIDEND
|
N1.20
|
|
|
|
|
CLOSURE DATE
|
May 8, 2008
|
donne4real | June 10, 2008
