By Udeme Ekwere
Monday, 22 Nov 2010
Total Nigeria Plc recorded a profit after tax of N4.20bn in its unaudited results for the third quarter ended, September 30, 2010.
This represents a 44 per cent increase over N2.92bn recorded in the corresponding period of 2009.
According to the Nigerian Stock Exchange‘s report for the week ended, November 19, 2010, the company‘s turnover fell by N9.1bn or 6.9 per cent, from 131.09bn in September 2009, to N121.99bn in the year under review.
Its net asset value stood at N8.37bn, representing a 20 per cent increase compared with N6.98bn a year earlier.
The report noted that the company‘s board of directors was recommending an interim dividend of N2.00 per share to shareholders registered in the company‘s books as at November 30, 2010, while payment would begin from December 13, 2010.
The report said Seven-Up Bottling Company Plc‘s unaudited result for the half- year ended September 30, 2010, showed a turnover of N22.83bn. This represents an increase of N4.98bn as against N17.85bn in the corresponding period of 2009.
The company‘s profit after tax rose by 14 per cent or N118m, from N854m in 2009, to N972m, while net assets value rose by N1.22bn or 14 per cent, from N8.97bn in 2009, to N10.19bn in the period under review.
African Alliance Insurance Plc‘s audited results for the year ended, December 31, 2009, showed a gross premium of N1.43bn, representing a 16 per cent increase over N1.23bn recorded in 2008.
Its loss after tax stood at N1.67bn, compared to a loss of N7.96bn, in 2008, while net assets value stood at N20.17bn as against N20.97bn in 2008.
At the Over-the-Counter Bond market, a turnover of 88.7 million units, valued at N74.68bn, was recorded last week in 700 deals, compared to 184.43 million units worth N179.77bn exchanged the previous week in 1,068 transactions.
The most active bond, measured in terms of volume, was the 10 per cent FGN July 2030 Bond with a volume of 37.6 million units worth N28.83bn in 343 deals.
In all, nine of the available 35 FGN Bonds were traded in the week under consideration, as against 21 traded in the preceding week.
Source: Punch
