Nigerian Stock Exchange: 7-Up and Poly Products Plc declare results.
March 14th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
By Ikechukwu Emelike
Two companies have recently released their financial results to the floor of the Nigerian Stock Exchange.
7-Up Bottling company Plc.
7-Up Bottling plc released its half year result for the period ended 30th September 2007. The beverage company listed under the foods beverages and tobacco sub sector was able to push up its turn over for the 6 months under review by 17.8 percent, from N11.8 billion in 2006 to N13.9 billion in 2007.
Profit before tax for the period experienced a 49.6 percent growth from N544.0 million in 2006 to N813.8 million in 2007.
After tax profit for the period increased by 49 percent from N440.1 million in 2006 to N655.6 million in 2007. Yesterday the company traded 132,020 units of shares in 31 deals and closed at N53.16.
Poly Products Nigeria Plc.
Poly products Nigeria plc released its full year results for the period ended 31st March 2007. In the results released turn over for the period increased by 13.3 percent from N1.5 billion in 2006 to N1.7 billion in 2007.
Profit before tax moved northwards by 122.6 percent from N12.4 million in 2006 to N27.6 million in 2007.
After tax profit for the period under review increased significantly by 1857.1 percent from N700.0 thousand in 2006 to N13.7 million in 2007.
(No Ratings Yet)
Loading ...