By Opeyemi Issa InvestAdvocate

Lagos (INVESTADVOCATE)-Mobil Oil Nigeria Plc Monday announced a proposed N5.00 dividend and 1 for 5 bonus to investors of the Company in its Audited Report for the Period Ended December 31 2011.

In its Corporate Actions to the Nigerian Stock Exchange (NSE), Mobil Nigeria said closure date for shareholders of the Company to benefit from the N5.00 dividend and 1 for 5 bonus on the Company’s Register of shareholders is 2nd -3rd May 2012; While qualification date is April 30 2012.

Also, the Company’s Annual General meeting (AGM) and payment date has been scheduled for May 30 and June 06 2012 respectively.

From the Result Announcement made available to the Nigeria’s Exchange and obtained by www.investadvocateng.com in Lagos Nigeria, a review of the 2011 Audited Period shows that Profit After Tax (PAT) of company declined from N3.885 billion in year 2010 end to N3.754 billion in 2011; showing a decline of 3.4 percent (3.4%) in the review period.

Profit Before Tax (PBT) also dipped from N5.721 billion in year 2010 end to N5.524 billion in the review period of 2011; representing a Loss of 3.4%.

However, Turnover grew slightly by 6.4% as Mobil Nigeria posted N58.343 billion in year 2010 end compared to N62.099 billion in year 2011.

In the same vein, Total Nigeria Plc has proposed to pay its Shareholders a N7.00 dividend in its Audited Report for the Period Ended December 31 2011.

Total Nigeria in year 2010 paid a dividend of N6.00 compared to the proposed N7.00 in the review period; showing an increase in dividend of 17%.

However, the N6.00 paid in year 2010 end is a 48.63% decrease compared to the N11.68 paid in year 2009 end.

A review of the Company’s Audited Report for the Period Ended December 31 2011 shows that Profit After Tax declined from N3.971 billion in year 2010 end to N3.813 billion in 2011; representing a decline of 4.0%.

PBT also dropped to 1.3% as Total Nigeria posted N5.783 billion in year 2010 end compared to N5.858 billion in year 2011.

Turnover increased from N160.604 billion in 2010 to N173.948 billion for the Audited Report for the Period Ended December 31 2011; showing an increase of 8.3%.

Similarly, Nigerian-German Chemicals Plc posted a Loss of 208.0% as the Company recorded a negative PAT of N277.890 million in 2011 compared to a positive N257.293 million in year 2010 end.

The Company also recorded a Turnover of N2.123 billion in year 2010 end compared to N1.774 billion in the review period of 2011; showing a dip of 16.4%.