By Helen Oji

 

 

C & I Leasing Nigeria Plc has posted a turnover of N8.2 billion in its 2010 operations against N6.7 billion recorded in 2009.

Specifically, its audited result for the year ended January 31, 2010 showed a turnover of N8.2 billion over N6.7 billion recorded in 2009 while profit after tax and extra-ordinary items stood at N107.2 million compared to N334.2 million achieved in 2009.

The net asset value of the company stood at N1.9 billion, compared to N2.1 billion in 2009.

Similarly, audited result of Nigerian Wire & Cable Plc for the 15 months ended December 31, 2008 showed a turnover of N980.2 million as against nil in the comparable period in 2007.

The company’s loss before tax stood at N272.8 million compared to N234.3 million in 2007. The net asset value of the company stood at N450.5 million compared to net liability value of N494.1 million in
2007.

Nigerian Bag Manufacturing Company Plc forecasts a turnover of N5.2 billion and profit after tax of N363 million during the half year ending September 30, 2010.

Nestle Nigeria Plc’s turnover during the fourth quarter ending December 31, 2010 is expected to hit N21.2 billion with profit after tax of N2.5 billion during the same period.

UAC of Nigeria Plc forecasts a turnover of N54.8 billion and profit after tax of N6.1 billion during the year ending December 31, 2010.
Also, UACN Property Development Company Plc is expected to post a turnover of N8.7 billion with a profit after tax of N2.4 billion during the year ending December 31, 2010.

In its own submission, Chemical & Allied Products Plc’s turnover is expected to increase to N3.5 billion during the year ending December 31, 2010 with profit after tax of N673.2 million during the same period.

For Goldlink Insurance Plc, its gross premium is expected to increase to N3.8 billion during the year ending December 31, 2010 with profit after tax of N706 million during the same period.

 

Source: Guardian