By Peter OBIORA investadvocate

Sept 06, 2010 16:58 GMT

 

Lagos–Conglomerate John Holt Plc has reported a whopping loss of -649 percent (-649%) in Profit After Tax (PAT) in its Audited Year Ended (September) 2009 released Monday September 06 2010 at the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria.

 

To record this Loss, the company’s PAT was N390 million in year 2008 to negative N2.144 billion in year 2009 showing a whopping loss of 649% in the review period; which amounts to a loss of N2.144 billion.

Also Profit Before Tax (PBT) and Extraordinary Items of John Holt was recorded as a loss; from a negative N62 million in year 2008 to N25 million in year 2009 representing a loss of -140.3 percent (-140.3%).

While Turnover also declined from N20.881 billion in year 2008 to N18.453 billion in year 2009 indicating a decline of -11.6 percent (-11.6%) in the review period.

Meanwhile in the Corporate Actions of the Company announced on the Exchange, there are no dividend payouts or bonuses to investors of the company. Also no Annual General Meeting date announced.

In the same vein, DN Tyres & Rubbers Plc (DN Tyres) operating in the Automobile and Tyre sector of the NSE for the Audited Year Ended (September) 2009 recorded a PAT of  N11.143 billion from N2.093 billion in year 2007 showing a loss of 432.4 percent (432.4%) in the review period.

While PBT and Extraordinary Items was also recorded as a loss from N2.088 billion in year 2007 to N4.820 billion in year 2009 representing a loss of 130.8 percent (130.8%).

Turnover of DN Tyres declined from N6.041 billion in year 2007 to N4.350 billion in year 2009 indicating a decline of -28.0 percent (-28.0%) in the Audited Year Ended (September) 2009.