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Nigerian Stock Exchange: recently released results.

July 23rd, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com

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Deap Capital Management & Trust Plc.

Results of the company for the third quarter ended 30 June 2008 made available to dealing members on the floor of the Nigerian Stock Exchange showed that the company increased its turnover for the period by 185.65 percent from N0.418 billion in 2007 to N1.194 billion in 2008. Profit before tax went from N0.202 billion in 2007 to N0.737 billion in 2008 showing an increase of 264.85 percent. After tax profit also grew by 266.08 percent to N0.626 billion comparable with N0.171 billion recorded in the same period last year.

CAP Plc.

Chemical and Allied Products Plc a well known company involved in the business of paints and coatings has made public its unaudited second quarter results for the period ended June 30 2008. The results showed turnover appreciating by 14.58 percent from N1.022 billion in the same period in 2007 to N1.171 billion in 2008. Profit before tax grew from N0.260 billion in 2007 to N0.349 billion in 2008 signifying an increase of 34.23 percent. After tax profit however moved up by 71.74 percent to N0.237 billion comparable to N0.138 billion it recorded in the same period in 2007.

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