By InvestAdvocate

Lagos (INVESTADVOCATE) July 03 2012-Seven Bottling Company Plc Monday recorded a decline in Profit After Tax (PAT) of 9.2 percent (-9.2%) in the Audited Report for the Period Ended March 31 2012.

This is contained in the Result Announcement of the Firm released on the Floor of the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com in Lagos Nigeria.

To record the decline in PAT, the Company in year 2011 end posted N2.278 billion compared to N2.069 billion in the Audited Period of year 2012; indicating a decline of -9.2%.

Profit Before Tax (PBT) increased from N2.525 billion in 2011 to N2.929 billion in the review period of 2012; showing an increase of 16%.

Turnover also grew from N51.098 billion in 2011 end to N59.864 billion in the Audited Period of 2012; representing an increase of 17.2%.

As earlier reported, Seven-Up has proposed a 200 Kobo dividend payment to shareholders of the Company for the Audited Period Ended March 2012.

According to the Bottling Company, Qualification Date for members whose names appears on the Company’s Register is July 13 2012 and Closure Date for the N2.00 dividend has been scheduled for July 16 to July 27 2012.

Annual General Meeting (AGM) has also been scheduled for September 20 2012 at the Muson Centre in Lagos Nigeria

Similarly, Red Star Express Plc posted a slight decline of -2.0% in its Audited Report for the Period Ended March 31 2012. To record the decline, PAT of the Company was N327.073 million in 2012 compared to N333.894 in 2011 end.

However, PBT grew significantly from N411.301 million in 2011 end to N640.216 million in the review period of year 2012; showing a growth of 55.7%.

Turnover also increased from N4.208 billion in 2011 end to N5.030 billion in year 2012 end; representing an increase of 19.5% in the review period.

Red Star in its Corporate Action to the NSE has proposed a dividend of 30 Kobo to investors of the Company.

The Company said Qualification Date for shareholders to benefit from the dividend reward is August 09 2012 and Closure Date of the Company’s Register is August 10 to 16 2012.

Red Star said that payment date for the 30 Kobo dividend to its investors is September 14 2012; after its AGM scheduled for August 30 2012.

Also, University Press Plc (UPL) declared a 35 Kobo dividend payout to investors of the Company.

In its Corporate Action to the Nigeria’s Exchange, the Company said Qualification Date for shareholders to benefit from the dividend reward is August 31 2012 and Closure Date is September 03 2012.

While its AGM and payment date has been scheduled for September 27 2012 respectively.

A review of the Company’s Audited Report for the Period Ended March 31 2012 shows that PAT grew slightly by 7.6%.

UPL posted a PAT of N227.427 million in year 2012 end compared to N211.375 million in the same period of year 2011.

PBT also increased marginally by 5.2% as the Company recorded N343.512 million compared to N326.631 million in year 2011 end.

Turnover also increased from N1.868 billion in year 2011 to N2.082 billion in the review period of year 2012; indicating an increase of 11.5%.