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Intercontinental Bank ’08 Results

donne4real — Tue, 10 Jun 2008 14:42:49 +0000

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.

Results for Ikeja Hotel, Nigerian Ropes, Mutual Benefits Assurance, Vitafoam, Total and Staco Insurance

donne4real — Wed, 28 May 2008 17:49:52 +0000

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

Results for Interlinked Technologies, NASCON, and Nigerian Enamelware PLC.

donne4real — Fri, 23 May 2008 14:23:46 +0000

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

Q1 Analysis of Dangote Sugar

donne4real — Thu, 22 May 2008 15:56:22 +0000

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

[Download not found]

Analysis of the Zenith Bank Q3 and UBA’s Q2 Results

donne4real — Tue, 20 May 2008 21:56:52 +0000

Analysis of the Zenith Bank Q3 Results and UBA’s Q2 Results by FSDH Securities .
[Download not found]
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Results for John Holt, UACN Properties and Presco

donne4real — Mon, 19 May 2008 21:42:44 +0000

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

Results for UBA, Sterling Bank and Equity Assurance

donne4real — Fri, 16 May 2008 20:33:54 +0000

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

More company results

donne4real — Thu, 15 May 2008 16:02:00 +0000

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

Company Results for

donne4real — Wed, 14 May 2008 17:04:06 +0000

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

Consolidated Hallmark Insurance 1st Qtr Results

donne4real — Mon, 12 May 2008 17:31:08 +0000

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%

Company Results

donne4real — Thu, 08 May 2008 20:19:12 +0000

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

UAC Declares Audited Year End Results for Period Ended 31 Dec 2007

donne4real — Tue, 06 May 2008 15:57:40 +0000

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
PAYMENT DATE	June 4, 2008

Fidelity Bank Plc declare Q3 results – 310308

donne4real — Tue, 06 May 2008 15:55:42 +0000

Fidelity Bank Plc released their unaudited Q3 financial results for the period ended March 31, 2008 on the floor of the Nigerian Stock Exchange today.

FIDELITY BANK PLC. UNAUDITED Q3 RESULT FOR THE PERIOD ENDED 31 MAR 2008
	2008	2007	CHANGE	% CHANGE
	N’b	N’b	N’b	%
TURNOVER	27.284	17.523	9.761	55.70
PROFIT BEFORE TAX	11.680	3.827	7.853	205.20
TAXATION	2.336	0.766	1.570	204.96
PROFIT AFTER TAX	9.344	3.062	6.282	205.16

Zenith Bank’s Unaudited Q3 Results

donne4real — Tue, 06 May 2008 15:52:41 +0000

Zenith Bank Plc declare Q3 results – 310308

Zenith Bank Plc released their unaudited Q3 financial results for the period ended March 31, 2008 on the floor of the Nigerian Stock Exchange today.

ZENITH BANK PLC. UNAUDITED Q3 RESULT FOR THE PERIOD ENDED 31 MAR 2008
	2008	2007	CHANGE	% CHANGE
	N’b	N’b	N’b	%
TURNOVER	120.306	70.768	49.538	70.00
PROFIT BEFORE TAX	40.638	19.257	21.381	111.03
TAXATION	7.314	5.172	2.142	41.42
PROFIT AFTER TAX	33.323	14.084	19.239	136.60