Linkage Assurance Plc and Flourmill of Nigeria Plc releases results.
September 6th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
Linkage Assurance Plc has posted a turnover of 258.49 percent in its financial year ended 31st December, 2007. These was made available to dealing members of the Nigerian Stock Exchange.
In The results its turnover grew from N286.2 million in its 2006 financial year to N1.026 billion in 2007. Profit before tax attained a new high of N304.8 million against N76.4 million recorded in 2006 showing an increase of 298.95 percent. After tax profit increased in the same accord by 283.08 percent from N71.5 million in 2006 to N273.9 million in 2007.
Flourmill of Nigeria Plc.
Its unaudited first quarter results for the period ended 30th June, showed a turnover of N36.979 billion indicating a 59.06 percent increase over what it recorded in the same period last year.
Profit before tax inched up by 33.20 percent to N1.950 billion while after tax profit increased by 33.17 percent to N1.365 billion.
It would be recalled that the company rewarded its shareholders with both dividend and bonus issue of N1.00 and 1 for 11 in its last financial year ended 31st March 2008.
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The recent decision to be listing new stocks at the exchange at the same price it was sold during the placement,seem not to reflect what investment in shares is all about.What happens to an investor,who has taken the risk of putting his money in a company that is coming up? What is the investment benefit or difference from an investor that buys at the same price when a stock is listed? In a situation where the turnover/profit margin of such company has improved during this period.Where does the risk,long term investment come in?
i want to find out if there are any stock market softwares that monitors stock prices online that is…and how can i measure up if a stock is going to perfrom at the long run??
have not receive my flour mill dividend and bonus.what do i do
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