Monday, 8 Nov 2010
Chemical and Allied Products Plc recorded a profit after tax of N509.20m in its unaudited results for the third quarter ended, September 30, 2010.
This represents a 45 per cent increase over N350.41m recorded in the similar period of 2009.
According to the Nigerian Stock Exchange’s report for the week ended, November 5, 2010, the company‘s turnover rose by N533m or 26 per cent, from N2.09bn in September 2009, to N2.62bn in the year under review.
Its net asset value stood at N928.30m, compared with N754.44m a year earlier.
The report noted that the company‘s board of directors had recommended an interim dividend of N1.00 per share to shareholders registered in the company’s books as at November 16, 2010, while payment would begin from November 22, 2010.
The report said UACN Property Development Company Plc‘s unaudited result for the third quarter ended September 30, 2010, showed a turnover of N5.718bn. This represents a decrease of N5.73bn as against N11.452bn in the similar period of 2009.
The company’s profit after tax dropped by 33 per cent or N676m, from N2.07bn in 2009, to N1.39bn, while net assets value fell by N1.41bn or 4.7 per cent, from N29.844bn in 2009, to N28.439bn in the period under review.
Honeywell Flour Mills Plc‘s unaudited results for the half-year ended September 30, 2010, showed a turnover of N18.22bn, representing a 2.8 per cent increase over N17.72bn recorded in the similar period of 2009.
Its profit after tax also rose by 12 per cent or N95.72m to N924.22m, from N828.50m in 2009, while net assets value rose by N52m or four per cent, from N13.51bn to N13.56bn.
In the Over-the-Counter Bond market, a turnover of 277.45 million units, valued at N271.38bn, was recorded last week in 1,828 deals, compared to 270.53 million units worth N248.11bn exchanged the previous week in 1,911 transactions.
The most active bond, measured in terms of volume, was the 10 per cent FGN July 2030 Bond with a traded volume of 55.53 million units worth N42.131m in 418 deals.
In all, 26 of the available 35 FGN Bonds were traded in the week under consideration, as against the 11 traded in the preceding week.
Source: Punch
