Business
Costain, GTB Others Present Score Cards To NSE
Some of the listed companies on Thursday presented their interim quarterly and end of the year financial results to the Nigerian Stock Exchange as part of their trading requirements.
They are Costain (WA) Plc, Lagos, Benue Cement Company (BCC), Guaranty Trust Bank and Starcomms Plc.
Costain Plc, in its interim report for the period ended Decrmbrt31, presented a turnover of N5.81 billion against the turnover of N4.31 billion posted in the same period in 2008.
The company’s profit before tax stood at N47.07 million in 2009 compared with N302.73 million recorded in 2008.
Its profit after tax was put at N46.13 million in 2009 as against the N287.87 million recorded in 2008.
Benue Cement Company had a turnover of N35.01 billion in the period ended Dec.31 compared with the N16.45 billion recorded in the corresponding period 2008.
Its profit before tax stood at N14.43 billion against the N4.73 billion in 2008 while it had a profit after tax of N14.37 billion in 2009 compared with N4.14 billion in 2008.
Starcomms Plc recorded a turnover of N34.30 billion in the period ended Decrmbrt 31in contrast to the turnover of N34.50 billion achieved the same period in 2008.
The company’s profit before tax showed N7.68 billion in 2009 compared with N8.41 billion recorded in 2008.
Its profit after tax in 2009 stood at N7.78 billion unlike N8 billion recorded in 2008.
The company management attributed the loss to high operating cost, harsh economic environment and heavy loan portfolio.
The Guaranty Trust Bank audited financial report for the year ended December 31 indicates
a turnover of N162.55 billion as against the turnover of N100.60 billion recorded in 2008.
It recorded a profit before tax of N27.96 billion in 2009 in contrast to that of N35.33 achieved in 2008.
Its profit after tax stood at N23.68 billion as against N28.30 billion recorded in 2008.
The bank is offering a bonus of 1 for 4 and a dividend of 75k for its shareholders with Okomuoil proposing a dividend of 30k for the shareholders.
The date for the closure of Okomuoil register is May 17.
The Mobil Oil Nigeria in its reports for the year ended December 31 proposed a
dividend of N7.00.
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