Deap Capital declare results, records 456 percent profit.
April 24th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
By Ikechukwu Emelike.
More results are still being released to the floor of the Nigerian Stock Exchange. Deap Capital Management & Trust yesterday made public its half quarter financial result for the period ended March 31,2008.
The company listed in the other financial institutions sub sector of the Nigerian Stock Exchange showed an excellent performance in its financial earnings as can be evidently seen in its just released result.
A breakdown of the results revealed that turnover for the period appreciated by 242.5 percent from N220.7 million in 2007 to N755.9 million in 2008.profit before tax grew by 470.2 percent from N11.2 million in 2007 to N74.5 million in 2008. After tax profit also increased from N75.8 million in 2007 to N422.3 million indicating an increase of 456.9 percent.
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Well, It is an oobvious fact that companies like DEAP CAPITAL AND MGT LTD. will keep doing well because of the maturity of executives, managerial framework and openness and willingness to maintain and ascertain a brand with growth in shareholders base of funds.
WE WISH YOU WELL, DEAP.