SEVEN-UP BOTTLING COMPANY PLC – Corporate Action for the Year Ended 31st March, 2016
Proposed Dividend:     160 kobo
Proposed Bonus:         Nil
Closure Date:              18th – 29th July, 2016
AGM Date:                  28th September, 2016
Payment Date:            28th September, 2016
AGM Venue:                Transcorp Hilton Hotel, Abuja @ 12.00 noon.


OANDO PLC released its 2015 audited result today. The result showed the Revenue of the Company increased from 92.9bn in 2014 to N161.5bn. The Company however made a Loss for the year of N49.7bn relative to a loss of N145.7bn made in 2014. The improved performance resulted largely from higher Revenue, lower Administrative Expenses, higher Finance Income, an Income Tax Credit of N1.5bn, and a lower Loss after Tax from Discontinued Operations. The Directors of the Company did not recommend any dividend for the year. View Result

The Company also released its 2016 1st Quarter result today with its Revenue decreasing from N30.6bn in 2015 to N27.7bn. The Company made a Loss after Tax from Continuing Operations of N13.9bn relative to a Loss of N12.4bn made in 2015. However, due to a Profit from Discontinued Operations of N18bn, the overall position of the Company swung to a profit of N4.1bn. View Result


HONEYWELL FLOUR MILLS PLC released its result for the year ended 31st March, 2016 after the close of trading yesterday which showed its Revenue increased from N49.1bn to N50.9bn. However, higher Cost of Sales and Operating Expenses resulted in the Company making a Loss before Tax of N2.9bn relative to a profit of N1.4bn made in 2015. The Loss after Tax of the Company came in at N3bn relative to a profit after tax of N1.1bn made in 2015. The Directors of the Company did not recommend any dividend in view of the loss sustained during the year. View Result


UNIVERSITY PRESS PLC equally released its audited resulted for the year ended 31st March, 2016 yesterday. The Revenue of the Company decreased from N1.7bn in 2015 to N1.5bn. The Company’s Profit before Tax also decreased from N199.2m to N70.2m, while its Profit after Tax decreased from N136.4m in 2015 to N73.3m. The Directors of the Company have recommended a dividend of 5 kobo per share (2015: 20 kobo) subject to the approval of the shareholders of the Company. View Result


AVON CROWNCAPS AND CONTAINERS PLC also released its audited result for the year ended 31st March, 2016. Its Revenue increased from N13.2bn to N14.4bn, but the Company made a Loss after Tax of N169.1m relative to a loss of N42.4m made in 2015. View Result


Other results released were the results of

NORTHERN NIGERIA FLOUR MILLS PLC for the year ended 31st March, 2016. The Company’s revenue decreased significantly from N10.5bn to N979m. The Company however  declared a Loss after Tax of N197.2m relative to a loss of N199.6m made in 2015. View Result

ACADEMY PRESS PLC for the year ended 31st March, 2016. Revenue decreased from N2.3bn to N2bn, but the Company made a Loss after Tax of N151.9m relative to a loss of N25.5m made in 2015. View Result