Ellah Lakes declares -85.10% loss in 2010 Audited result

By Yakubu LAAH investadvocate

Oct 08 2010 15.03 GMT


Lagos (investadvocate)-Ellah Lakes Plc operating in the Agriculture/Agro-Allied Sector of the Nigerian Stock exchange (NSE) has declared 85.10 percent (-85.10%) loss in its Audited Report for the period ended July 31 2010.


This Result was released today Friday October 08 2010 at the Floor of the Nigerian Stock Exchange (NSE) and made available to investadvocate in Lagos Nigeria.


To post the -85.10% loss, the firm recorded a Profit After Tax (PAT) of N20.284 million in year 2010 compared with N10.918 million in year 2009.

While the Company posted a Turnover of -1788.5% when it recorded N202.842 million in 2010 compared with N10.741 million in year 2009.


Meanwhile, the total volume traded in the week closed at 2.05 billion shares valued at N18.0 billion compared with 1.1 billion shares valued at N10.0 billion were transacted in 21,572 deals last week.


Also, the volume transaction in the week when compared with the previous week increased by 51.91% compared with the volume growth by 109.54% recorded last week. Weekly value however went up by 58.34% compared to an upbeat of 125.53% recorded last week.


While All-share Index (ASI) improved by 721.81 or 3.17% opening with 23,050.59 and closing at 23,772.40 in the review period.


Market Capitalisation of the 199 First-tier Equities increased N5.28 trillion. Also NSE- 30 Index appreciated by 30.54 points or 13.19% to close at 1,007.34.


Last week, the NSE ASI and NSE 30 Index appreciated by 1.61% and 2.43% respectively..



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