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Nigerian Bottling company Plc, Law Union & Rock Insurance Plc release results.

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

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Results of Nigerian bottling Plc made available to dealing members of the Nigerian Stock Exchange for the half year ended 30th June 2008 showed a 15.54 percent increase in its turnover. From N34.1 billion in the same period in 2007 to N39.4 billion in 2008. Profit before tax wore 11.00 percent increase over what was recorded in 2007. It grew from N2.0 billion in 2007 to N2.22 billion in 2008.
After tax profit leaped from N1.68 billion in 2007 to N2.21 billion in 2008 indicating an increase of 31.55 percent.

Law Union & Rock Insurance Plc.

Following the impressive performance of its just released year end results for the period ended 31 December 2007, the board of directors of the company has proposed to give a dividend of 6 kobo per share to investors of the company. A comparative breakdown of the results showed that gross premuim for the period gained 87.97 percent from N1.33 billion in 2006 to N2.5 billion in 2007. Profit before tax increased by 106.15 percent from N0.179 billion in 2006 to N0.369 billion in 2007. After tax profit also added 88.48 percent to stay at N0.311 billion compared to N0.165 billion in 2006. Register closes on the 26th of September, 2008 and payment date is 17th October, 2008.

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