Inspite of the continued drop in investors confidence level as shown by the current bearish trend in the Nigerian Stock exchange, most listed companies has continued to post positive earnings reports. 7UP PLC’s Audited Accont for the full year ended 31st March 2008, earnings reports was today presented to the market with a N1.50K dividend proposal.

The company got listed into the Exchange in 1986, currently classed in the food/beverage & tobacco sector, and produces such soft drink brands as 7UP and Pepsi in Nigeria. The reported full year earnings report includes: a Turnover of N30.572 billion as against previous comparable year’s posting of N27.309 billion; a Profit Before Tax of N2.480 billion as against previous N1.960 billion; and a Profit After Tax of N1.608b as against previous year comparable period’s N1.219 billion. The 20th-31st of October 2008 was put as the closure date for the N1.50K proposed dividend, while the payment date is 10th of December 2008. This dividend proposal would be subject to the shareholders approval during the company’s December 3rd 2008’s Annual General Meeting.

C&I Leasing Plc’s half year result for the period ended 31st July 2008, was also made available to the stockbrokers today. The half year earnings report shows: a Gross Earnings of N2.982 billion as against previous comparable year’s N1.099 billion; a Profit Before Taxation of N306 million as against a previous comparable period’s N208 million; and a Profit Before Taxation of N269 million as against previous comparable period’s N177 million.

(No Ratings Yet)

 Loading ...

This entry was posted on Thursday, October 2nd, 2008 at 12:27 pm and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. Tags: 7 Up Bottling Company, C & I Leasing Company
You can leave a response, or trackback from your own site.