NEWREST ASL NIGERIA PLC – Financial Result for the 1st Quarter Ended 31st March, 2017
Revenue: 16% increase from N1.1bn to N1.3bn
Profit/(Loss) after Tax: 28% decrease from N167.8m to N131m
Profit attributable to Shareholders: 39% decrease from N165.7m to N100.6m (3M 2017 EPS, 16 kobo; 3M 2016 EPS, 26 kobo)
UAC OF NIGERIA PLC – Proposed Rights Issue of N15.4 billion
UAC of Nigeria Plc. has announced its plan to propose to its shareholders for approval at its upcoming Annual General Meeting scheduled to hold on 14th June, 2017, a resolution for a Rights Issue of N15.4 billion. The Company believes the proceeds of the Rights Issue will enable it to support its subsidiaries through the current economic and operating challenges and provide the required flexibility to deepen its play as opportunities for additional investments emerge in the market.