NIGERIAN BREWERIES PLC released its unaudited result for the half year ended 30th June, 2016 today with its Revenue increasing from N151.7bn in 2015 to N157.4bn. Its Profit before Tax however declined from N31bn to N25.5bn due largely to higher Cost of Sales and higher Finance Costs, while its Profit after Tax declined from N21.5bn to N19.1bn.
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UNITED CAPITAL PLC released its half year result for the period ended 30th June, 2016 today. The result showed the Gross Earnings of the Company increased from N2.8bn in 2015 to N3.7bn. The Company’s Profit before Income Tax also increased from N1.8bn to N2.6bn, while its Profit after Income tax increased from N1.4bn to N2.1bn.
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TRANS-NATIONWIDE EXPRESS PLC also released its result for the half year ended 30th June, 2016 today which showed its Revenue increased from N383.6m in 2015 to N421.9m. The Company’s Profit before Taxation equally increased from N38m to N38.7m, while its Profit after Taxation increased from N28.5m to N29m.
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Following the declaration of a Final Distribution of 3 kobo per unit, all unitholders of the VETIVA BANKING EXCHANGE TRADED FUND (VETBANK ETF) have been advised by the Fund Manager, Vetiva Fund Managers Limited, to update their Investor Bank Account information with the Fund Transfer Agent, Central Securities Clearing System Plc. (CSCS Plc.) to facilitate receipt of the distribution. The relevant form (Unit Holder Bio-Data Form) can be downloaded from http://www.vetiva.com/funds/vg30. The Fund Manager also noted that the form would also be available on the CSCS Website.