Oceanic Bank Plc has released its unaudited third quarter result for the period ended 30 June 2008. The banks results appears impressive as it was able to sustain its profit during the period under review. Turnover grew by 124.62 percent from N47.520 billion in 2007 to N106.740 billion in 2008. Profit before tax increased from N16.490 billion in 2007 to N40.730 billion in 2008 signifying an increase of 147.00 percent. While after tax profit stood at N33.600 billion comparable to N13.630 billion it recorded in the same period last year.

Aiico Insurance Plc.

The company’s first quarter results for the period ended 31 March 2008 is sure supposed to strengthen investors confidence as it performed well. It increased its turnover during the period by 176.60 from N0.752 billion in 2007 to N2.080 in 2008. Profit before tax appreciated by 391.21 percent from N0.09 billion in 2007 to N0.447 billion in 2008. After tax profit also increased by 390.24 percent from N0.082 billion in 2007 to N0.402 billion in 2008.
If the trend of the result is maintained throughout these financial year its investors are without doubt going to reap bountifully.

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