Big Treat Plc, Consolidated Hallmark Insurance Plc Release Results.
February 27th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
By Ikechukwu Emelike
The First ever chinese firm to be listed on the Nigerian Stock Exchange, Big Treat plc has released its unaudited third quater result for the period ended 30 September 2007.
The diversified confectionary and food company which listed a total of 2 billion shares by way of introduction on the Nigerian stock Exchange at N2.85 per share has appreciated by over 400 percent since its listing. According to the result, the company was able to increase its turnover for the period by 29 percent, from N1.58 billion recorded in the same period in 2006 to N2.04 billion in 2007.
Profit before tax grew by 30 percent from N0.15 billion in 2006 to N0.20 billion in 2007. After tax profit for the period leaped by 39 percent from N0.13 billon in 2006 to N0.18 billion in 2007.
Consolidated Hallmark Insurance Plc.
Consolidated Hallmark insurance plc, an insurance company just listed by way of introduction on the floor of the Nigerian Stock Exchange has also made public its result. A break down of the result shows that the company recorded a 185 percent increase in its groos income, from N508 million in 2006 to N1.4 billion in 2007. Profit after tax experienced a 354 percent growth from N57 million in 2006 to N259 million in 2007.
The comany listed 6,000,000,000 ordinary shares of 50 kobo each at N1.85 kobo per share.
Still on shares ,the Nigerian Stock Exchange has added 707,882,600 ordinary shares to the shares outstanding in favour of Equity Assurance Plc as supplementry allotment.
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