Arbico Plc declares N36.143 million loss in 2008 Audited result

By investadvocate

Oct 13 2010 15.44 GMT


Lagos(investadvocate)-Arbico Plc (ARBICO) operating in the Construction sector of the Nigerian Stock Exchange (NSE) has declared N36.143 million Profit After Tax (PAT) in its Audited Year Ended December 2008 released on Wednesday October 13 2010 at the Exchange in Lagos Nigeria.


The Construction company in year 2007 posted a PAT of N2.082 million compared to N36.143 million; indicating a loss of -1635.9 percent (-1635.9%) in the review period.


While Profit Before Tax (PBT) was N62.921 million in 2008 compared to N9.992 million in 2007.


Arbico recorded a Turnover of N1.200 billion in 2008 compared to N1.368 billion in 2007 indicating a decline of -12.28%.



In the same vein, the Company released its result for the Audited Year Ended (December) 2007 to The Exchange.


From the figures made available, Arbico also posted N2.082 million loss in PAT for year 2007 compared with N19.498 million in 2006 showing a loss of -89.32% in the review period.



PBT was N9.992 million in the Audited Year Ended December 2007 compared with N11.577 million in the corresponding year.


Turnover also dropped from N1.454 billion in year 2006 to N1.368 billion in the review period; indicating a drop of -5.9%.

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