Unilever Nigeria Plc has announced a profit after tax of N1.26bn for the first quarter ended March 31, 2013.
This amount represents a marginal decrease of N7bn or 5.5 per cent compared to N1.334bn recorded in the first quarter of 2012.
The company’s result, which was released to the Nigerian Stock Exchange on Thursday, showed that its revenue was up by 1.1 per cent from N14.07bn in March 2012, to N14.233bn in the period under consideration; while net assets grew by 12.6 per cent to N11.308bn, up from N10.043bn recorded the preceding year.
The result showed that its cash flow from operating activities grew by 45.1 per cent from N1.256bn in March 2012, to N1.822bn in 2013.
Meanwhile, equity trading activities on the NSE showed marginal decline compared to the positive performance recorded at the close of Wednesday’s trading.
Specifically, the market capitalisation of the listed equities fell by N50bn or 0.5 per cent from N10.687bn on Wednesday, to N10.638bn.
Similarly, the NSE All-Share Index lost 161.34 basis points or 0.5 per cent to 33,271.34 points, down from 33,432.68 points recorded the previous day.
The NSE-30 Index also fell to 1,590.36 basis points, down from 1,597.95 points on Wednesday, while the Consumer Goods Index fell from 966.96 basis points to 959.51 points.
A total of 21 stocks recorded price appreciation at the end of Thursday’s trading, while 31 stocks recorded losses.
Paint and Coatings Manufacturing Plc recorded the highest appreciation of the day, rising by 10 per cent or 17 kobo to close at N1.87 per share.
Evans Medical Plc followed on the chart, also rising by 10 per cent or 15 kobo to close at N2.21 per share.
Learn Africa Plc and Ikeja Hotel Plc gained 9.9 per cent and 9.3 per cent to close at 70 kobo and N2.63 per share, while Livestock Feeds Plc and Royal Exchange Plc rose by 3.7 per cent each to close at 59 kobo and 62 kobo per share, in that order.
On the other hand, Wapic Insurance Plc lost 10 per cent or 11 kobo to close at 99 kobo per share, while UTC Plc also lost 10 per cent or seven kobo to close at 63 kobo per share.
Source: Punch
