Nigerian Stock Exchange: First Bank Plc, Cappa & D’Alberto Release Results
January 31st, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
By Ikechukwu Emelike
First Bank Plc and Cappa & D’Alberto Plc has released their financial results on the floor of the Nigerian Stock Exchange for 3rd quarter ended December 31, 2007 and 2nd quarter ended September 30, 2007 respectively.
First Bank Plc
First Bank plc has recorded an improvement in its eanings as can be seen from the just released reults.Turnover for the period increased from N63.72 billin in 2006 to N105.21 billion in 2007. It recorded a profit before tax of N32.8 billion in 2007 as compared to N19.2 billion in 2006, indicating a percentage increase of 70.4 percent in its profit before tax.Its profit after tax went up by 74.9 percent as it stood at N25.9 billion in 2007 as compared to N14.8 billion it recorded in the same period in the preceding year.
Cappa & D’Alberto
Cappa & D’Alberto recorded an inrease of 32.9 percent in its profit before taxs it recorde N0.45 billion in its profit before tax as compared to N0.34 billion which it recorded in the same period in the preceding year.Its profit after tax appreciated by 30.7 percent from N0.23 billion in 2006 to N0.30 bllion in 2007.The company grossed a turnover of N3.79 billion in 2007 up from N3.69 billion in 2006 for the period.
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