Nestle Nigeria Plc release results as Dangote Sugar Refinery declares 85kobo.
August 13th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
Yesterday the market continued with further decline as the NSE index and the market capitalization fell by 0.93 percent to close the day at 49,318.32 points as against 49,781.84 points recorded the previous day. A number of company’s released their half year results to the floor of the Nigerian Stock Exchange, it is hopefull the results would create a positive impact in the market today. Amongst results released are those of Nestle Nigeria Plc and Dangote Sugar Refinery Plc.
Nestle Nigeria Plc.
Its half year results for the period ended 30 June 2008 showed that it grew its turnover for the period by 13.31 percent from N20.213 billion in 2007 to N20.903 billion in 2008. Profit before tax for the company increased from N4.557 billion recorded in the same period in 2007 to N4.812 billion in 2008 indicating an increase of 5.60 percent. While its profit after tax appreciated by 7.55 percent from N3.072 billion in 2007 to N3.304 billion in 2008.
Dangote Sugar Refinery Plc.
Turnover for its half year ended 30 June 2008 increased by 5.63 from N40.771 billion in 2007 to N43.067 billion. Profit before tax was 11.94 percent higher than what was recorded in the same period last year, it grew from N15.294 billion in 2007 to N17.120 billion in 2008. Profit after tax also increased by 11.80 percent from N11.484 billion in 2007 to N12.839 billion in 2008.
The board has proposed an interim dividend payment of 85 kobo per share, its closure date is 29 August 2008 and payment date is yet to be determined.
(3 votes, average: 2.33 out of 5)
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Is Dangote Sugar Stock good for purchase now or after forth comming quarter?
@neldav
See the this post
http://www.stockmarketnigeria.com/forums/food-beverages-tobacco-stocks/28-dangote-sugar-12.html#post27643
Some think this stock is a good long term buy, but the question is when to jump. Giving the recent bearish trend in the market, now is looking like a good time
Why dangote sugar quotation price is depreciating & can someone make investment on their puplic offer.
when is the best time to share or sell my share at dangote sugar
when is the best time to buy share or sell my share at dangote sugar
i would say that NOW is a gud time, considering the fact that the price has gone so low, in reletion to theri newly released result< it is a sign that the company is veery healthy. i tell you, it might not fall below what it fell to before it picked up again.
It is so hard to analyse Nigerian Companies; I never seem to be able to find soft copies of their annual reports online. I desperately need NESTLE’s ANNUAL REPORT. Does anyone know where I can get a PDF copy?
@David - On our wiki, we are contributing financial information and statistics about Nigerian public companies. However, we have just started this, and havent put up much at time of writing this. You an find the info on Nestle (when we put it up) here
http://www.stockmarketnigeria.com/wiki/en/NESTLE_NIGERIA_PLC