Intercontinental Bank Plc, Nampak Plc and Beta Glass plc released their results few days before the end of the year 2007 on the floor of the exchange recently. The summary is as follows.

Intercontinental Bank Plc

The bank released its 3rd quarter result for the period ended November, 2007. The figure were impressive, as the bank grew gross earnings by 68 percent, from N59.10 billion in 2006 to N99.60 billion in 2007.

Profit before tax moved to N22.80 billion in 2007 from N12.80 billion in 2006.Profit after tax for the period appreciated by 78 percent from N10.10 billion in 2006 to N18.08 billion in 2007.Based on the current performance of the bank, a profit above N30 billion is expected at the end of their current financial year.

Nampak Plc

The packaging company released their full year result for the period ended September 30,2007. The result was not too impressive as its profitability levels dropped.

In the result,turnover increased from N2.70 billion in 2006 to N2.84 billion in 2007. Profit before tax dropped to N0.09 billion in 2007 from N0.19 billion in 2006. After tax profit also dropped to N0.04 billion in 2007 from N0.13 billion in 2006.

Beta Glass Plc

With capital appreciation of over 200 percent in 2007, the company has once again released their 3rd quarter result for the period ended September 30, 2007. The result which is very impressive is expected to cause a price rally for the stock.

In the result, turnover increased from N3.63 billion in 2006 to N5.40 billion in 2007. Profit before tax was 137 percent higher from N0.28 billion in 2006 to N0.66 billion in 2007. Profit after tax was 118 percent higher also from N0.23 billion in 2006 to N0.51 billion in 2007.