By Udeme Ekwere
Monday, 15 Nov 2010
Mobil Oil Nigiera Plc recorded a profit after tax of N2.93bn in its unaudited results for the third quarter ended, September 30, 2010.
This represents a 75 per cent increase over N1.26bn recorded in the similar period of 2009.
According to the Nigerian Stock Exchange‘s report for the week ended, November 12, 2010, the company‘s turnover, however, fell by N1.9bn or four per cent, from N47.1bn in September 2009, to N45.2 in the year under review.
Its net asset value stood at N5.01bn, compared with N4.18bn a year earlier.
The report said that another oil marketing stock, Oando Plc, in its unaudited result for the third quarter ended September 30, 2010, recorded a turnover of N277bn. This represents an increase of N25bn or 10 per cent over N252bn in the similar period of 2009.
The company‘s profit after tax rose by 31 per cent or N2.1bn, from N6.7bn in 2009 to N8.8bn, while net assets value rose by 47 per cent or N25.4bn, from N53.54bn in 2009, to N78.9bn in the period under review.
Cement Company of Northern Nigeria Plc‘s unaudited results for the third quarter ended, September 30, 2010, showed a turnover of N8.38bn, representing a 5.8 per cent decrease, compared to the N8.91bn recorded in the similar period of 2009.
Its profit after tax dropped by 61 per cent or N883m to N574m, from N1.45bn in 2009, while net assets value rose by N25m or six per cent from N4.21bn to N4.46bn.
In the Over-the-Counter Bond market, a turnover of 184.43 million units, valued at N179.77bn, was recorded last week in 1,068 deals, compared to 277.38 million units worth N271.38bn exchanged the previous week in 1,828 transactions.
The most active bond, measured in terms of volume, was the 9.45 per cent FGN January 2013 Bond with a traded volume of 36 million units worth N35.89bn in 295 deals.
This, according to the report, was followed by the 10 per cent FGN July 2030 Bond, with a traded volume of 29.1 million units, worth N21.8bn in 254 deals.
In all, 21 of the available 35 FGN Bonds were traded in the week under consideration, as against the 26 traded in the preceding week.
Source: Punch
