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Ikeja Hotels, Oando, others declare results
August 24, 2009

IKEJA Hotel Plc has announced turnover of N6.4 billion, as against N5.3 billion in its financial year ended December 31, 2008.

Presenting its result alongside other companies to the Council of the Nigerian Stock Exchange and their shareholders on Friday, its profit after tax stood at N872.5 million higher than N697.75 million recorded in 2007.

The company directors however recommended a bonus of one for every five shares held by its shareholders. The date of closure of register for members is stated as September 14, 2009.

Audited result of Cutix Nigeria Plc for the year ended April 30, 2009 showed a turnover of N1.32 billion, up from N1.31 billion recorded in 2008. The company's profit after tax and exceptional items stood at N78.3 million, compared with N114.5 million in 2008.

For Union Diagnostics & Clinical Services Plc, its audited result for the year ended December 31, 2008 showed turnover of N1.03 billion as against N545.8 million in 2007. Its profit after tax stood at N370.1 million up from N255.1 million in 2007.

The company directors are however recommending a dividend of 8 kobo per share and a bonus of one for every five share held. The date of closure of register for members is September 7, 2009 while payment is due for October 15, 2009.

Unaudited result of Oando Nigeria Plc for the half year ended June 30, 2009 showed a turnover of N168 billion as against N124.4 billion in the comparable period of 2008. Its profit after tax stood at N3.8 billion, higher than N3.6 billion in 2008.

Custodian and Allied Insurance Plc's unaudited result for the half year ended June 30, 2009 showed a gross premium of N2.8 billion, as against N2 billion in the comparable period of 2008. Its profit after tax stood at N851.6 million, compared with N648.61 million in 2008.

Unaudited result of Standard Alliance Insurance Plc for the first quarter ended March 31, 2009 showed gross premium of N1.4 billion, as against N827.9 million in the comparable period of 2008. Its profit after tax stood at N596.5 million, higher than N259.5 million in 2008.

Portland Paints and Products Nigeria Plc's unaudited result for the half year ended June 30, 2009 showed a turnover of N1.12 billion, as against N885.7 million in the comparable period of 2008 while profit after tax stood at N103.5 million compared with N70.1 million in 2008.

Unaudited result of multiverse Resources Plc for the half year ended June 30, 2009 showed turnover of N281.6 million, higher than N186.8 million in the comparable period of 2008. The company's profit after tax stood at N38.5 million, compared to N23.7 million in 2008.

Livestock Feeds Plc's unaudited result for half year ended June 30, 2009 showed turnover of N1.02 billion as against N850.3 million in the comparable period of 2008. Its profit after tax stood at N10.12 million compared with N37.4 million in 2008.

Unaudited result of NCR Nigeria Plc for the half year ended June 30, 2009 showed turnover of N2.5 billion; up from N1.8 billion in the comparable period of 2008 while its profit after tax stood at N232.7 million compared with loss before tax of N85.2 million in 2008.

Skye Bank Plc forecasts gross earnings of N98.6 billion and profit after tax of N16 billion in the fourth quarter ending September 30, 2009.

The Guardian Newspaper, Monday August 24, 2009.

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