NIGERIAN ENAMELWARE PLC – Audited Financial Result for the Year Ended 30th April, 2017
Revenue: 10% decrease from N2.8bn to N2.5bn
Profit after Tax: 66% decrease from N133.5m to N45.1m (FY 2017 EPS, 71 kobo; FY 2016 EPS, 211 kobo)
Proposed Dividend: 2017: Nil (2016: 45 kobo)
Proposed Bonus: 1 for 5
FORTE OIL PLC – Denial of Alleged Partnership with Local Refineries
Forte Oil Plc has denied rumours in various media of a strategic partnership between the Company and local refineries for the refining of petroleum products in Nigeria. The Company noted that it has not entered into any form of strategic partnership in that regard.
HONEYWELL FLOUR MILLS PLC – Change of Corporate Logo and Product Packaging
Honeywell Flour Mills Plc has announced the change of its Corporate Logo and product Packaging. The change was premised on the need to reposition the brand to achieve greater alignment with the Company’s vision and strategic objective.