Monday, 09 August 2010 00:00 By Helen Oji

A COMPANY under the food/beverages & tobacco sub-sector, Northern Nigeria flourmills Plc has achieved a turnover of N10.2 billion units 2010 operations, against N8.5 billion recorded in 2009.

Specifically, its audited result for the year ended March 31, 2010 showed a turnover of N10.2 billion, higher than N8.5 billion postal in 2009 while profit after tax also increased to N410.2 million, from N236.3 million in 2009.

Based on the improved performance, the directors of the company are recommending a dividend of N0.80 due to every shareholder of the company, as well as, a bonus of one for every five shareholders.

According to the company, the date of closure of register for members is stated as September 13, 2010 while payment is due for November 3, 2010.

Similarly, audited result of University Press Nigeria Plc for the year ended March 31, 2010 showed a turnover of N1.9 billion over N1.6 billion recorded in 2009. The firm’s profit after tax rose to N276. 8 million, from N241.4 million in 2009.

The directors of the company are recommending a dividend of N0.40 per share and a bonus of one for every five shares held to its shareholders.

The date of closure of register for members is stated as August 20, 2010 while payment is due for August 30, 2010.

For Nigerian Bag Manufacturing Company Plc, its audited result for the year ended March 31, 2010 showed a turnover of N16.1 billion, up from N14.6 billion recorded in 2009. The company’s profit after tax also increased to N353.3 million compared to loss after tax and exceptional items of N134.2 million in 2009.

The directors of the company are recommending a dividend of N0.13 per share due to every shareholder of the company. The date of closure of register for member is stated as September 13,2010 while payment is due for November 2, 2010.

Audited result of NCR Nigeria Plc for the year ended December 31, 2009 showed a turnover of N4.2 billion, as against N5.4 billion in 2008 while profit after tax stood at N944.9 million compared to N80.2 million in 2008.
The directors of the company are recommending a dividend of N0.05 per share due to every shareholder of the company.

The date of closure of register for members is stated as September 1, 2010 while payment is due for September 20, 2010.

Premier Paints Nigeria Plc’s audited result for the year ended December 31, 2009 showed a turnover of N223.5 million as against N234.9 million recorded in 2008. Its profit after tax stood at N5.5 million, compared to N8.7 million in 2008.

Audited result of consolidated Hallmark Insurance Plc for the year ended December 31, 2009 showed a turnover of N3 billion higher than N2.5 billion recorded in 2008 while profit after tax stood at N242.7 million compared to N360.5 million in 2008.

DN Meyer Plc’s audited result for the year ended December 31, 2008 showed a turnover of N2.2 billion, as against N2 billion recorded in 2007. Its loss after tax stood at N296.4 million, compared to profit after tax of N63.8 million in 2007.

Also, the company’s audited result for the year ended December 31, 2009 showed a turnover of N1.8 billion as against N2.2 billion in 2008 while loss after tax stood at N627.1 million, compared to N296.4 million in 2008.

Unaudited result of Fidelity Bank Plc for the half-year ended June 30, 2010 showed gross earnings of N26.6 billion, as against N41.3 billion recorded in the comparable period in 2009.

The banks profit after tax stood at N5.2 million compared to N5.5 million in 2009.
Unaudited result of Oceanic Bank International Plc for the half-year ended June 30, 2010 showed gross earnings of N64.2 million as against N69.4 million posted in the comparable period in 2009, while profit after tax stood at N8.2 million, compare to loss after tax of N40.9 billion in 2009.

Ashaka Cement Plc’s unaudited result for the half year ended March 31, 2010 showed a turnover of N5.1 million, as against N5.2 million in the comparable period in 2009. The company’s profit after tax stood at N877 million, compared to N1 billion in 2009.

Source:The Guardian

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