The Board of Directors of LAFARGE AFRICA PLC released a Profit Warning Statement today notifying the market that the 2016 2nd Quarter (Q2) results of the Company are expected to be affected by the impact of the devaluation of the Naira against the United States Dollar (USD). The impact of the devaluation is expected to result in an unrealised exchange loss of N28 billion arising from USD borrowings relating to United Cement Company of Nigeria Limited (UNICEM), a subsidiary of the Company. The Board also noted that the current gas supply shortage is expected to impact volumes in Q2 2016.
EVANS MEDICAL PLC released its audited result for the year ended 31st December, 2014 today which showed its Revenue declined from N3.7bn in 2013 to N3.3bn in 2014. The Company made a Loss before Tax of N1.2bn in 2014 relative to a N1bn loss made in 2013; while its Loss after Tax in 2014 came in at N972.9m relative to a N816.8m loss made in 2013.
DN TYRE AND RUBBER PLC also released its audited result for the year ended 30th September, 2015 today. The result showed its Revenue declined from N965.9m in 2014 to N437.6m. However, a significant increase in the Company’s Other Operating Income led to its declaration of a Profit before Tax of N5.3bn in 2015 relative to a loss of N675.2m made in 2014. Similarly, the Profit for the year 2015 was N5.3bn relative to a loss of N1.3bn made in 2014.
STANBIC IBTC ETF 30 – Closure of Register for the Period Ended 30th June, 2016
Proposed Dividend: N2.52/per unit
Proposed Bonus: Nil
Qualification Date: 22nd July, 2016
Closure Date: 25th July, 2016
AGM Date: N/A
Payment Date: 8th August, 2016