Evans Medical Plc

[Oracle]

Originally Posted by hispy99

Evans Medical Still in Red

Evans medical actually received N77.917m from trade debtors and for other debit balances between Audited 2008 YE (31-12-08) to Q3 2009. So small an amount!

But they paid out a sum of N2.03b to trade creditors and for other credit balances to their suppliers between Audited 2008 YE (31-12-08) to Q3 2009.
Meanwhile for the same period they took a short term fund of N2.419b from bank/whomsoever. But they declared false figures in their Q3 2009 report so that such amounts paid to suppliers would not be seen as that large.This is a combination of fraud and bankruptcy!

And this is why they need cash either in Public offer or right issues.

[MalamImam]

Evans Medical Plc declares N889.6 million loss in 2009 Audited result. - Proshare

[123.rado]

EVANS MEDICAL PLC
05 April 2011
Audited Year Ended (December) 2010

Profit and Loss Information
Turnover 10 N3.942b 09 N3.523b
Cost Of Sales 10 (N2.096b) 09 (N2.269b)
Profit Before Tax 10 (N54.379m) 09 (N958.983m)
Taxation 10 N63.142m 09 N69.392m
Profit After Taxation 10 N8.763m 09 (N889.561m)

Balance Sheet Information
Fixed Assets 10 N1.615b 09 N1.683b
Stock 10 N1.126b 09 N1.510b
Trade Debtors 10 N709.039m 09 N441.516m
Cash And Bank Balances 10 N268.854m 09 N136.526m
Other Debit Balances 10 N372.808m 09 N194.702m
Trade Creditors 10 N387.521m 09 N388.968m
Short Term Borrowings 10 N1.227b 09 N2.599b
Other Credit Balances 10 N2.535b 09 N1.044b
Working Capital 10 (N1.322m) 09 (N1.463b)
Net Assets 10 N57.044m 09 (N65.807m)

[aysok1]

Result Announcement
EVANS MEDICAL PLC
04 May 2011
Unaudited Q1 (March) 2011
Profit and Loss Information
Turnover 11 N1.100b 10 N775.656m
Profit Before Tax 11 N4.094m 10 (N111.545m)
Taxation 11 (N435,000) 10 Nil
Profit After Tax 11 N3.659m 10 (N111.545m)
Balance Sheet Information
Fixed Assets 31-03-11 N1.608b 31-12-10 N1.615b
Stock 11 N1.138b 10 N1.126b
Trade Debtors 11 N1.374b 10 N1.004b
Cash and Bank Balances 11 (N881.008m) 10 N268.854m
Other Debit Balances 11 Nil 10 N76.929m
Trade Creditors 11 N1.942b 10 N1.153b
Short Term Borrowings 11 Nil 10 N1.227b
Other Credit Balances 11 N38.509m 10 N1.769b
Working Capital 11 (N349.035m) 10 (N1.321m)
Net Assets 11 N1.259b 10 (N57.044m)

[Oracle]

EVANS MEDICAL PLC 16 August 2011
Unaudited Q2 June 2011
Profit and Loss Information
2011 2010
Turnover N1.220b N1.056b
Cost Of Sales (N674.597m) (N529.931m)
Profit Before Tax N19.791m (N8.076m)
Taxation (N6.333m) Nil
Profit After Tax N13.548m (N8.076m)
Balance Sheet Information
Fixed Assets N1.674b N1.615b
Investments N1,000 Nil
Stock N1.127b N1.126b
Trade Debtors N1.243b N709.039m
Cash and Bank Balances N131.913m N268.854m
Other Debit Balances N471.628m N372.808m
Trade Creditors N472.438m N387.521m
Short Term Borrowings N1.477b N1.227b
Other Credit Balances N2.697b N2.535b
Working Capital (N177.346m) (N1.322m)
Net Assets N1.469m (N57.044m)

[saheewale]

Multinationals Eye Nigerian Pharmaceutical Firms, Articles | THISDAY LIVE

[joy111]

RESULT ANNOUNCEMENT
EVANS MEDICALS PLC
April 18th 2012
Audited Results (Dec, 2011)
Profit and Loss Information
Turnover 31-12-11 N4.572b 31-12-10 N3.942b Cost of Sales 11 (N2.388b) 10 (N2.096b) Other Operating Income 11 N43.295m 10 N79.528m Marketing & Admin Expenses 11 (N1.779b) 10 (N1.568b) Finance Cost 11 (N316.729m) 10 (N409.307m) Profit before Tax 11 N130.154m 10 (N54.379m) Taxation 11 (N35.639m) 10 N63.142m Profit after Tax 11 N94.515m 10 N8.763m
Balance Sheet Information
Fixed Assets 31-12-11 N1.744b 31-12-10 N1.615b Long Term Investments 11 Nil 10 Nil Stocks 11 N1.074b 10 N1.126b Trade Debtors 11 N902.367m 10 N709.039m Cash and Bank Balances 11 N98.807m 10 N268.854m Other Debit Balances 11 N526.976m 10 N372.808m Trade Creditors 11 N439.374m 10 N378.521m Short term Borrowings 11 N1.191b 10 N1.227b Other Credit Balances 11 N2.677b 10 N2.535b Working Capital 11 N47.257m 10 (N1.322m) Net Assets 11 N137.471m 10 (N57.044m)
Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Qualification Date
Nil
Friday, July 13, 2012
Closure Date
Monday,16th July, 2012 – Friday, 20th July, 2012
AGM Date
Thursday, 26th July, 2012@ 12pm
Payment Date
Nil
AGM Venue
Company’s Factory, Km 32, Lagos – Ibadan Express Way, Ogun State.
Notes

[joy111]

SMART PRODUCTS PLC
April 18th 2012
Audited Results (Dec, 2011)
Corporate Actions
Proposed Dividend
15 kobo
Proposed Bonus
Qualification Date
Nil
30th May, 2012
Closure Date
15th - 25th June 2012
AGM Date
27th June, 2012
Payment Date
13th July 2012
AGM Venue
Company’s Office, 373, Agege Motor Road, Challenge Mushin, Lagos at 12.00 noon
Notes

[joy111]

RESULT ANNOUNCEMENT
EVANS MEDICALS PLC
April 18th 2012
Audited Results (Dec, 2011)
Profit and Loss Information
Turnover 31-12-11 N4.572b 31-12-10 N3.942b Cost of Sales 11 (N2.388b) 10 (N2.096b) Other Operating Income 11 N43.295m 10 N79.528m Marketing & Admin Expenses 11 (N1.779b) 10 (N1.568b) Finance Cost 11 (N316.729m) 10 (N409.307m) Profit before Tax 11 N130.154m 10 (N54.379m) Taxation 11 (N35.639m) 10 N63.142m Profit after Tax 11 N94.515m 10 N8.763m
Balance Sheet Information
Fixed Assets 31-12-11 N1.744b 31-12-10 N1.615b Long Term Investments 11 Nil 10 Nil Stocks 11 N1.074b 10 N1.126b Trade Debtors 11 N902.367m 10 N709.039m Cash and Bank Balances 11 N98.807m 10 N268.854m Other Debit Balances 11 N526.976m 10 N372.808m Trade Creditors 11 N439.374m 10 N378.521m Short term Borrowings 11 N1.191b 10 N1.227b Other Credit Balances 11 N2.677b 10 N2.535b Working Capital 11 N47.257m 10 (N1.322m) Net Assets 11 N137.471m 10 (N57.044m)
Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Qualification Date
Nil
Friday, July 13, 2012
Closure Date
Monday,16th July, 2012 – Friday, 20th July, 2012
AGM Date
Thursday, 26th July, 2012@ 12pm
Payment Date
Nil
AGM Venue
Company’s Factory, Km 32, Lagos – Ibadan Express Way, Ogun State.
Notes

[1himself]

AGM VENUE---company factory.....hmmmm..u go there n protest result n u go meet ur waterloo....wat a smart thinker they are....