By Opeyemi Issa InvestAdvocate
Lagos (INVESTADVOCATE)-Multi-Trex Integrated Foods Plc Tuesday posted a Loss of N756.8 million in its Unaudited Nine (9) Months Result Jan 31 2012.
To record the Loss, the Firm’s Profit After Tax (PAT) went from a negative N151.512 million in the Third Quarter (Q3) of year 2011 to a negative of N1.258 billion in the Unaudited 9 Months Period of 2012; indicating a Loss of 730.3 percent (730.3%) in the review period.
Profit Before Tax (PBT) also declined further to N1.258 billion in the Q3 Report for the period ended January 31 2012 compared to N146.825 million recorded in the same period of year 2011.
Turnover also dipped from N3.743 billion in Q3 of year 2011 to N2.618 billion in the Unaudited 9 Months Results ended January 31 2012.
In the same vein, Nigerian Ropes Plc posted a PAT of N5.136 million in its Audited Report for the period ended December 31 2011 compared to a negative (N1.773) million in the same period of year 2010; indicating a 412.5% profit.
PBT also appreciated from a negative of N13.276 million in year 2010 end compared to N5.136 million in year 2011; representing a growth of 547.6% in the review period.
While Turnover increased from N379.802 million in year 2010 end compared to N492.112 million in year 2011; showing an increase of 29.6%.
Meanwhile in its Corporate Actions to the Nigeria’s Exchange, Nigerian Ropes proposed no dividend to shareholders of the Company for the year 2011 end.
However, closure date of investors whose names appears on the Company’s Register is 13th-15th June 2012 and the Firm has scheduled its Annual General Meeting (AGM) for June 19 2012 in Lagos Nigeria.
Meanwhile, UAC of Nigeria Plc has proposed to reward investors of the Company with a N1.50 Kobo dividend payout in its Audited Accounts ended December 31 2011.
According to the Company. Closure date of Register of Members whose names appears on its Record is May 21-25 2012.
UAC of Nigeria further affirmed in its Corporate Actions to the Nigeria’s Exchange that it has scheduled its AGM for June 20 2012 and payment date is June 21 2012.
