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Old 3rd April 2012, 05:46 PM
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Default Re: Chams Nigeria Plc

CHAMS PLC
April 3, 2012
Audited Results (Dec. 31, 2011)
Profit and Loss Information
Turnover 31-12-11 N1.777b 31-12-10 N1.484b Cost of Sales 11 (N1.090b) 10 (N964.682m) Other Income 11 N478.236m 10 N259.358m Admin Expenses 11 (N2.137b) 10 (N2.305b) Interest & Similar Charges 11 (N226.240m) 10 (N275.588m) Profit before Tax 11 (N1.198b) 10 (N1.801b) Exceptional Items 11 Nil 10 (N5.616m) Taxation 11 (N38.582m) 10 N424.710m
Profit after Tax 11 (N1.236b) 10 (N1.382b)

Balance Sheet Information
Fixed Assets 31-12-11 N2.998b 31-12-10 N3.855b Long term Investments 11 N126.709m 10 N126.709m Stocks 11 N1.079b 10 N1.309b Trade Debtors 11 N1.515b 10 N1.539b Cash and Bank Balances 11 N58.075m 10 N25.678m Other Debit Balances 11 N1.924b 10 N1.635b Trade Creditors 11 N837.855m 10 N434.936m Short term Borrowings 11 N933.739m 10 N1.329b Other Credit Balances 11 N1.920b 10 N1.576b
Working Capital 11 N658.282m 10 N1.092b 10
Net Assets 11 N4.011b 10 N5.151b

Corporate Actions
Proposed Dividend Nil
Proposed Bonus Nil
Qualification Date Nil
Closure Date Nil
AGM Date Nil
Payment Date Nil
AGM Venue Nil
Notes
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