By Ikechukwu Emelike

Deap Capital Management & Trust plc has released its first quater result for the period ended 31 December 2007 to the floor of the Nigerian Stock Exchange. The company which is listed in the other financial institution sub sector of the Nigerian Stock Exchange was able to increase its earnings in the northward direction as can be seen from the just released results. It was able to increase its turnover for the three months under review by an impressive 354.9 percent, from N63.2 million in the same period in 2006 to N287.7 million in 2007.

Profit before tax for the period was up by 911.6 percent from N15.5 million in 2006 to N157.2 million in 2007. After tax profit also increased by 911.6 percent from N13.3 million in 2006 to N133.6 million in 2007. It would interest you to know that the company gave a dividend payment of 13 kobo per ordinary share to its shareholders in the last financial year ended 30th September 2007.

Still on shares, the board of Nigerian Breweries plc have announced a dividend payment of N2.50 per share. The company which gave out a dividend payment of N2.10 in 2003, owing to drop in net profit in 2004 and 2005 its dividend fell to 55 kobo in 2004 and 60 kobo in 2005, N1.20 in 2006 would set a new record with the Current dividend payment of N2.50. This represents a 108.3 percent jump in dividend payout.

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