More firms present results to stakeholders
NO fewer than six companies recently presented their scorecards to the council of the Nigerian Stock Exchange and their shareholders.
Audited result of Okomuoil Palm Plc for the year ended December 31st 2011 showed a turnover of N11, 121.01 million up from N6, 087.84 million in the comparable period of 2010, while profit after tax stood at N3, 923.76 million compared with N1, 629.46 million in 2010.
Its net asset value stood at N8, 836.3 million compared with N5, 866.41 million in 2010.
Based on the performance, the directors of the company are recommending a final dividend of N4.00 per share due to every shareholder of the company.
The date of closure of register for members is stated as May 15, 2012, while payment is due for June 25, 2012.
Similarly, Guaranty Trust Bank Plc’s audited result for the year ended December 31st 2011 showed gross earnings of N188, 819 million, up from N153, 908 million in the comparable period of 2010.
The bank’s profit after tax and extra-ordinary item also increased to N52, 654 million from N38, 347 million in 2010 with net asset value of N238, 780 million compared to N210, 826 million in 2010.
The directors of the bank are recommending a final dividend of N0.85 per share. The date of closure of register for members is stated as March 29, 2012, while payment is due for April 29, 2012.
For Access Bank Plc, its audited result for the year ended December 31st 2011 showed gross earnings of N138, 949 million, higher than N91, 142 million in the comparable period of 2010. Profit after tax increased to N16, 708 million from N11, 068 million in 2010.
The bank’s net asset value stood at N197, 042 million compared with N175, 370 million in 2010.
The directors of the bank are recommending a final dividend of N0.30 per share.
The closure of register for members is stated as April 13, 2012, while payment is due for April 27, 2012.
Audited result of GlaxoSmithKline Consumers Plc for the year ended December 31st 2011 showed a turnover of N21, 525.8 million, up from N16, 863.53 million posted in the comparable period of 2010.
Its profit after tax stood at N2, 302.0 million compared to N1, 977.4 million in 2010. Net asset value of the company stood at N9, 003.4 million compared with N7, 846.41 million in 2010.
The company directors had earlier recommended a dividend of N1.20 per share.
The date of closure of register for members is stated as April 24, 2012, while payment is due for May 23, 2012.
Poly Products Plc’s audited result for the year ended March 31st 2011 showed a turnover of N2, 241.53 million as against N2, 415.95 million in the comparable period of 2010, while profit after tax stood at N50.73 million compared to N60.7 million in 2010.
By Helen Oji
GUARDIAN, 19 March 2012