Berger Paints, Goldlink Insurance Plc releases results.
May 5th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
By Ikechukwu Emelike.
Berger paints Nigeria Plc has released its results for the first quarter ended March 31, 2008 to the floor of the Nigerian Stock Exchange. The company which is one of the major players in the chemical and paints sub sector of the Stock Exchange was able to increase its turnover for the period by 20.19 percent from N0.530 billion in the same period in 2007 to N0.637 billion in 2008.
Profit before tax grew by 66.67 percent from N0.030 billion in the same period in 2007 to N0.050 billion in 2008. After tax profit also increased by 66.67 percent from N0.021 billion in 2007 to N0.035 in 2008.
GoldLink Insurance Plc.
Today GoldLink Insurance Plc made public its unaudited first quarter results for the period ended March 31, 2008. The company’s earnings was impressive during the first quarter period as is evidently seen with comparative results of the same period last year. A break down of the results showed that the company was able to grow its turnover by 80.90 percent from N0.199 billion in the same period in 2007 to N0.360 billion in 2008.
Profit before tax increased significantly by 63.16 percent from N0.190 billion in 2007 to N0.310 billion in 2008. After tax profit for the three months period however appreciated by only 58.96 percent from N0.173 billion in 2007 to N0.275 billion in the same period in 2008.
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