Nigerian Stock Exchange : Japaul and NB Plc declare results.
May 30th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
By Ikechukwu Emelike.
Japaul oil & Maritime services Plc and Nigerian Breweries Plc have declared their unaudited first quarter results for the period ended 31 March, 2008 respectively to the floor of the Nigerian Stock Exchange.
Japaul Oil & Maritime Services Plc.
The company’ s turnover for the period under review declined by 37.69 percent from N0.528 billion in the same period in 2007 to N0.329 billion in 2008. Profit before tax wore a good look as it increased by 157.14 percent from N0.098 billion recorded in the first quarter of 2007 to N0.252 in 2008. The company also sustained its after tax profit as it was seen to have moved from N0.079 billion in 2007 to N0.202 billion during the period under review, showing an appreciation of 155.70 percent.
Nigerian Breweries Plc.
Comparative summary of the results released by Nigerian breweries Plc showed that turnover for the three months period grew 26.98 percent from N25.513 billion in the 2007 period to N32.397 billion in 2008.
Profit before tax increased by 36.65 percent from N6.635 billion in 2007 to N9.067 billion in the same period in 2008. After tax profit also experienced a northward movement of 38.72 percent from N4.445 billion in 2007 to N6.166 billion in 2008.
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