By Ify Onye InvestAdvocate
Lagos (INVESTADVOCATE)-Resort Savings and Loans Plc listed on the Mortgage sector of the Nigerian Stock Exchange (NSE) Monday declared a Profit After Tax (PAT) of N148.1 million in its Third Quarter (Q3) Report for the period ended Sept 30 2011.
This was contained in the Result Announcement of the Primary Mortgage Institution (PMI) to the Nigeria’s Exchange and obtained by www.investadvocateng.com in Lagos Nigeria.
To post the N148.1 million PAT, Resort in the same period of year 2010 recorded a negative of N2.017 million compared to a positive N148.1 million in the review period; showing a growth of 7440.8 percent (7440.8%).
Profit Before Tax (PBT) also appreciated from a negative Result of N2.017 million in the Q3 of 2010 compared to a positive of N211.520 million in the same period of year 2011; representing an appreciation of 10586.9% in the review period.
While Gross Earnings increased from N757.333 million in the Third Quarter of year 2010 compared to N945.931 million in the corresponding period of year 2011; indicating an increase of 24.9%.
Meanwhile Great Nigeria Insurance Plc operating in the Insurance Sector of the Nigeria’s Exchange has notified the NSE that its 47th Annual General Meeting (AGM) has been scheduled to hold on December 16 2011 at Orchid Hotels & Events Centre along Ikota-Epe Expressway Lagos Nigeria by 11.00am.
Also, Tiddo Securities Limited, a Dealing Member of the NSE has announced a change in its Directorate.
“The Company, a Dealing Member Firm, has notified The Exchange of the following change on its Board and is seeking approval†the Notice said.
The Firm has appointed Isaac Iortsor an Executive Director (ED) of Tiddo Securities Limited.
Isaac Amokaha Iortsor, FCS is a graduate of Economics from Ahmadu Bello University, Zaria and has attended various developmental executive courses. He is a Fellow of the Chartered Institute of Stockbrokers. He worked with Benue State Civil Service, Benue Investment and Property Co. Limited, Fafinc Finance & Securities Limited, AAA Stockbrokers Limited, Profund Securities Limited and BIC Securities Limited.
He joined Tiddo Securities Limited in March 2004 and is currently the General Manager/Chief Operating Officer.
The Firm affirmed that any objection to the appointment of Mr. Isaac Amokaha Iortsor as an Executive Director in Tiddo Securities Limited should be forwarded to The Exchange within seven days (7) of the publication.
