Avon Crowncaps & Containers Plc, Big Treat Plc release results.
August 23rd, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
The board of Avon Crowncaps & Containers Plc has proposed to reward shareholders with a dividend payment of 12 kobo per share for its financial year ended 30 June 2008. This was contained in the company’s audited results sent to the Nigerian Stock Exchange within the week.
In The results the company increased its profit after tax by 45.09 percent from N0.173 billion in 2007 to N0.251 billion in 2008. Profit before tax experienced a slight growth of 19.20 percent from N0.2376 billion in 2007 to N0.329 billion in 2008. While turnover during the period moved up by only 11.83 percent from N6.170 billion in 2007 to N6.900 billion in 2008.
Its register closes on the 30th of September 2008 and payment date is 13th October 2008.
Big Treat Plc.
Big Treat Plc also released its un audited result for the half year ended 30th June, 2008. Highlights of the results showed a 14.50 percent growth in its turn over to N1.5 billion. Profit before tax appreciated by 62.24 percent to N157.135 million. Profit after tax stood at N85.23 million indicating an increase of 59.98 percent.
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