By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Great Nigeria Insurance Plc Wednesday reported a pre-tax profit of N903.099 million for the period ended December 31, 2012.

In the audited report for the 2012 period released to the Nigerian Stock Exchange (NSE) and made available to InvestAdvocate in Lagos Nigeria, Great Nigeria in year 2011 end recorded a pre-tax profit of N410.611 million compared to N903.099 million declared in the review period of 2012; showing an increase of 119.9 percent (119.9%).

Post-tax profit also increased from N379.835 million in year 2011 end to N1.275 billion in the same period of 2012; indicating an increase in post-tax profit of 235.7%.

Similarly, gross premium written grew from N2.403 billion in 2011 end to N2.881 billion in the review period of 2012; representing a growth in gross premium of 19.9%.

The post Great Nigeria Insurance Reports N903 Million Pre-Tax Profit in 2012 End appeared first on Investadvocate.

By Our Correspondent

Lagos (INVESTADVOCATE)-Industrial Conglomerate Giant, Unilever Nigeria Plc, Tuesday declared a N1.40 Kobo dividend payout for investors of the Company for the Audited Report for the period ended December 31 2012

This is contained in the Corporate Actions of the Firm released to the Nigerian Bourse and made available to InvestAdvocate in Lagos Nigeria.

Analysts at INVESTMENT ONE Financial Services say at N53.75 current Market Price translates to 2.60 percent (2.60%) dividend yield.

The INVESTMENT ONE Analysts affirmed that Market initial reaction is neutral with the ticker trading at its previous close.

Unilever Nigeria affirmed in its Corporate Actions Qualification Date is April 05 2013 and closure of Register of Shareholders to benefit from the N1.40 dividend in year 2012 end is April 08 2013.

While payment date has been scheduled for June 11, 2013 after its Annual General Meeting (AGM) scheduled for June 10 2013.

A review of the Audited Report for the period ended December 31 2012 shows that Profit After Tax (PAT) rose slightly by 1.5% as the Company posted N5.597 billion in 2012 end compared to N5.515 billion recorded in year 2011 end.

Also, Profit Before Tax (PBT) grew slightly from N8.018 billion in year 2011 end compared to N8.185 billion in the review period of year 2012; indicating a growth of 2.1%.

Similarly, Revenue increased from N54.724 billion in year 2011 end to N55.547 billion in the review period of year 2012; representing an increase of 1.5%.

In year 2011 end, Unilever Nigeria paid a similar dividend of N1.40.

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