Guinness, John Holt and Morison present results
May 9th, 2008 Ugonna Maduagufor || ugonna@stockmarketnigeria.com
(by Ugonna Maduagufor)
Guinness Nigeria plc presented her 3rd quarter ended 31st March, 2008 earnings result to the Nigerian Stock Exchange yesterday. The summary of it includes: a Profit After Tax of N7.55 billion showing a 10 percent growth on the previous year 2007 comparable periods PAT of N6.84 billion; a Turnover of N49.5 billion being an 11.5 percent improvement on previous years N44.4 billion. The Profit Before Taxation (PBT) grew by 11 percent, growing from N10.0 billion in previous year 2007 to comparable current years N11.10 billion.
In same vein, John Holt presented her 1st quarter ended on on 31st December 2007 showing: a Profit After Tax N133 million against a year 2006 comparable periods Loss After Tax position of N86 million, after paying tax of N15 million and N19 million in years 2007 and 2006 comparable 1st quater periods respectively; the company recorded Turnover of N5.292 billion as against the previous years comparable periods turnover of N3.603 billion.
While Morison Industries, presented her 1st quarter ended 31st March 2008 earnings result summary showing: a whoping 346.92 percent increase in Profit After Taxation (PAT), at N8.067 million against previous year 2007 comparable period of N1.805 million; a Turnover of N104.6 million against comparable period in year 2007 figure of N40.597 million, making a 157.68 percent increase; the Profit Before Taxation was N11.86 million against previous year comparable period of N2.65 million, being a 346.98 percent improvement by the company’s management.
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