By Ogbuotobo Chuks

As we inch closer towards the end of the year 2007 and the ,end of the fourth quarter, companies are already releasing their quarterly results and they work towards a robust financial year end. Some of such companies includes Livestock Feeds plc and Standard Alliance Insurance plc.

In the result released for Livestock Feeds, company turnover for the half year ended september30, 2007 increased by 69 percent, from N0.29 billion in 2006 to N0.45 billion in 2007. Profit before tax increased from N0.009 billion in 2006 to N0.026 billion in 2007, representing an increase of about 189 percent.

Consequently, profit after tax increased by 167 percent from N0.009 billion in 2006 to N0.024 billion in 2007. The share price on the floor of the exchange presently is under N3.00.

On the other hand, Standard Alliance Insurance plc posted an impressive result for the 3^rd quarter ended September 30, 2007. In the result released, the company grew turnover by 122 percent from N1.21 billion in 2006 to N2.70 billion in 2007.

Profit before tax grew by 74 percent, from N0.28 billion in 2006 to N0.47 billion in 2007 while after tax profit soared to N0.43 billion in 2007 from N0.23 billion in 2006.

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This entry was posted on Tuesday, October 30th, 2007 at 10:40 am and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. Tags: Livestock Feeds, Standard Alliance
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