SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC – 1 Year Extension of Revolving Credit Facility
Seplat has announced that it has successfully concluded a 1 year extension of its revolving credit facility (RCF) from the end of 2017 to 31st December, 2018. The Company further announced that that its aggregate indebtedness under its Term Loan and RCF has reduced from a peak of $1 billion in Q1 2015 to $635 million at the end of June 2017.
Read More…


NIGER INSURANCE PLC – Audited Financial Result for the Year Ended 31st December, 2016
Gross Premium Written: 43% decrease from N10.5bn to N6bn
Profit/(Loss) after Tax: 93% decrease from N600.9m to N42.1m (FY 2016 EPS, 0.54 kobo; FY 2015 EPS, 7.76 kobo)
Read More…


TRIPPLE GEE & COMPANY PLC – Audited Financial Result for the Year Ended 31st March, 2017
Revenue: 25% decrease from N806.4m to N601.7m
Profit/(Loss) after Tax: 63% decrease from N27.7m to N10.2m (FY 2017 EPS, 2.07 kobo; FY 2016 EPS, 5.59 kobo)

Proposed Dividend:     2017: 3 kobo (2016: 3 kobo)
Read More…


HONEYWELL FLOUR MILLS PLC – Audited Financial Result for the Year Ended 31st March, 2017
Revenue: 5% increase from N50.9bn to N53.2bn
Profit/(Loss) after Tax: 242% increase from (N3bn) to N4.3bn (FY 2017 EPS, 54.29 kobo; FY 2016 EPS, -38.13 kobo)

Corporate Action
Proposed Dividend:     2017: 6 kobo (2016: Nil)
Qualification Date:     11th September, 2017
Closure Date:              14th – 18th September, 2017
AGM Date:                  21st September, 2017 @ 11am
Payment Date:            25th September, 2017
AGM Venue:                Civic Centre, Ozumba Mbadiwe Str., VI, Lagos
Read More…


UNIVERSITY PRESS PLC – Audited Financial Result for the Year Ended 31st March, 2017
Revenue: 9% increase from N1.5bn to N1.6bn
Profit/(Loss) after Tax: 62% increase from N73.3m to N118.4m (FY 2017 EPS, 27.45 kobo; FY 2016 EPS, 16.99 kobo)

Proposed Dividend:     2017: 10 kobo (2016: 5 kobo)
Read More…


REDSTAR EXPRESS PLC – Audited Financial Result for the Year Ended 31st March, 2017
Revenue: 10% increase from N6.6bn to N7.3bn
Profit/(Loss) after Tax: 28% increase from N334.4m to N426.8m (FY 2017 EPS, 72 kobo; FY 2016 EPS, 57 kobo)

Proposed Dividend:     2017: 40 kobo (2016: 35 kobo)
Read More…