By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)- Food processing and packaging company, McNichols Consolidated Plc on Monday reported its profit after tax (PAT) for the period ended December 31, 2015 grew 48.84 percent to N60.33 million from N40.53 million recorded a year earlier.

In the same vein, pretax profit of the company climbed up 43.55 percent to N65.27 million from N45.47 million declared in 2014 audited year end.

Revenue of the food processing and packaging firm rose from N519.79 million in 2014 end to N1.009 billion in the review period of 2015, McNichols said in a filing with the Nigerian Stock Exchange (NSE).

The board of directors of the company has proposed a bonus of 1 for 10 to shareholders and a 0.05 kobo per share dividend in the review period.

Closure date has been scheduled for 16 June 2016, while the Annual General Meeting (AGM) and payment date is July 21 and July 25, 2016 respectively.

Click here to view McNichols Consolidated Plc Statement of Profit or Loss and other Comprehensive Income for the period ended December 31, 2015

The post McNichols Reports 48.84% Growth in PAT, Offers Investors 1 for 10 bonus, 5 Kobo Dividend appeared first on Investadvocate.

By InvestAdvocate

Lagos (INVESTADVOCATE)-Paint manufacturer, Berger Paints Plc said on Thursday pretax profit for the period ended December 31, 2015 climbed up to N565.21 million from N249.25 million recorded a year ago.

Similarly, profit after tax (PAT) rose 122 percent to N330.31 million from N148.80 million posted the corresponding period of 2014.

However, revenue of BERGER dragged from N3.08 billion in 2014 end to N3.02 billion declared in the review period of 2015; showing a slight decline in revenue of two (2) percent, the paint producer said in a filing with the Nigerian Stock Exchange (NSE).

In its corporate action to the NSE, the board of directors of the company said it has proposed a dividend of 75 kobo per share to its shareholders compared to 70 kobo per share paid in 2014 end.

The post Berger Paints Says 2015 Pretax Profit up 126%, Declares 75 Kobo Dividend appeared first on Investadvocate.

By InvestAdvocate

Lagos (INVESTADVOCATE)- Nigerian Aviation Handling Company Plc (NAHCO) said on Wednesday its profit after tax (PAT) for the period ended December 31, 2015 declined 5.4 percent to N537.79 million from N568.55 million posted a year earlier.

On the flipside, pretax profit inched up 3.6 percent to N796.79 million from N769.45 million declared the corresponding period of 2014.

Similarly, revenue of NAHCO grew marginally from N8.133 billion in 2014 end to N8.499 billion in the review period of 2015 end; showing a slight growth of 4.5 percent, the company said in a filing with the Nigerian Stock Exchange (NSE).

The board of directors of the NAHCO proposed a dividend payout of 20 kobo per share to its investors same amount paid in 2014 audited year end, NAHCO also in 2014 offered a 1 for 10 bonuses to its shareholders.

Shares of the company at the close of today’s trading on the domestic bourse declined 2.50 percent to N3.90 from N4.00 traded the previous session; losing 0.10 kobo per share.

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