By Peter OBIORA investadvocate

Sept 03 2010 07.00 GMT

 

 

Lagos–C & I Leasing Plc  (CILEASING) operating  in the Leasing sector of the Nigerian Stock Exchange (NSE) has posted a 67.93 percent (67.93%) loss in the Audited Year Ended (January) 2010.

 

 

This was contained in the company’s result announced Thursday September 02 2010 on the Floor of the Exchange and made available to investadvocate in Lagos Nigeria.

 

 

To record the loss, the Leasing firm had a Profit After Tax (PAT) of N107.185 million in year 2010 compared to N334.229 million it had in year 2009 indicating a loss of 67.93% in the review period.

 

 

While Profit Before Tax (PBT) and extraordinary items of the leasing firm also declined from N408.558 million in year 2009 to N111.167 million in year 2010 showing a decline of 72.79 percent (72.79%).

 

 

Turnover increased from N6.774 billion in year 2009 to N8.287 billion in year 2010 representing an increase of 22.33 percent (22.33%) in the period under review.

 

 

However, in the company’s Corporate Actions, there was no proposed dividend to investors of CILEASING in the Audited Year Ended (January) 2010.