Tripple Gee Plc and Wapic Plc release results.
May 30th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
By Ikechukwu Emelike.
Today Tripple Gee & company Plc made public its audited year end result for the period ended 31 March, 2008. A break down of the results revealed that the company made a turnover of N0.775 billion as compared to N0.631 billion recorded in its last financial year. Clearly showing an increase of 22.82 percent.
Profit before tax grew by 95.45 percent during the period under review from N0.066 billion in 2007 to N0.129 billion in 2008. After tax profit stood at N0.101 billion as to N0.052 billion recorded in 2007, signifying a growth of 94.23 percent. The company has proposed to reward its shareholders with a dividend payment of 15 kobo and bonus issue of 1for 2. Its closure date is 3rd - 7th July and payment date is 17th July.
International Wapic Insurance Plc.
The insurance company which just released its first quarter result for the period ended 31 March , 2008 made a gross premium of N2.323 billion compared to N2.001 it recorded in the same period in 2007, indicating a growth of 16.09 percent. Profit before tax experienced minimal growth as it only increased by 10.87 percent from N0.322 billion in the 2007 period to N0.357 billion in 2008. After tax profit appreciated by 11.20 percent from N0.241 billion in 2007 to N0.268 billion in 2008.
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