By Opeyemi Issa InvestAdvocate

Lagos (INVESTADVOCATE)-Diamond Bank Plc Friday posted N11.254 billion Loss in its Audited Report for the Period Ended December 31 2011.

This is contained in the Result Announcement to the Nigerian Stock Exchange (NSE) by Diamond Bank and obtained by www.investadvocateng.com in Lagos Nigeria.

To post the Loss, Diamond Bank’s profit After Tax (PAT) dipped from a positive N1, 323 billion in year 2010 end to a negative N11.254 billion; indicating a dip of 947.4 percent (947.4%) in the review period.

Also, Profit Before Tax (PBT) moved from a positive N4.772 billion in 2010 to a negative N16.261 billion in the Audited Period of year 2011; representing a Loss of 440.8%.

However, Gross Earnings increased slightly from N91.022 billion in year 2010 compared to N96.340 billion in year 2011 end; showing an increase of 5.8%.

In its Corporate Declaration, Diamond Bank said the closure date of Register of shareholders whose names appear in its Record is April 23-24 2012 and its Annual General Meeting (AGM) has been scheduled for April 30 2012 in Lagos Nigeria.

In the same vein, Cadbury Plc declared a 216.8% increase in its PAT; the Company posted a PAT of N3.700 billion in year 2011 end compared to N1.168 billion in year 2010.

PBT of Cadbury Plc was N5.082 billion in year 2011 end compared to N1.952 billion in 2010; showing a growth of 160.3%.

While Turnover increased to 16.9% as the Company posted N34.110 billion in year 2011 end compared to N29.170 billion in year 2010 end.

Cadbury has scheduled its AGM for May 09 2012 in Lagos Nigeria.

Also, May & Baker Nigeria Plc declared a PAT of N255.500 million in 2011 compared to N192.900 million in year 2010 end; showing an increase in PAT of 32.5% in the review period.

PBT also grew from N307.790 million in year 2010 end to N339.474 million in 2011 Audited Period; representing a growth of 10.3%.

Turnover upped slightly by 4.3% in year 2011; as May & Baker posted a Turnover of N4837 billion compared to N4.639 billion in year 2010 end.