The most recent earnings reports presented to the Nigerian Stock Exchange includes GUINEA INSURANCE PLC, a company who’s operational activities includes Life Insurance, Pension, Special Risks and General Insurance services. The Insurance sector company which got listed in 1990, presented a Half year ended 30th 0f June 2008, showing a Turnover of N339.804 million as against a previous comparable periods N340.658 million; a Profit Before Taxation of N230.123 million as against previous year’s N215.362 million; while the Profit After Taxation of N184.098 million as against previous year’s N172.289 million.

Also presented recently includes a manufacturing sector listed- VONO PRODUCTS PLC. The company’s Half Year Ended 30th June 2007 earnings reports, shows a Turnover of N357.399 million as against the previous year comparable periods posting of N801.901 million; Loss Before Taxation of N78.828 million as against the previous comparable periods Loss Before Taxation of N388.532 million; and same figures as the Loss After Taxation, as no company pays taxes out of a loss position. Market analysts are of the opinion that though the current report show’s a net loss position with respect to the share holders fund, it was a 79.7 percent improvement from the comparable previous year’s loss, indicating a brighter future.

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This entry was posted on Thursday, October 2nd, 2008 at 10:17 am and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. Tags: Guinea Insurance, Vono Products
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