Dangote Cement Plc’s customers might soon begin to enjoy the benefits of the recent production expansion of the company as the management of Dangote Cement plc has liberalized its distribution channels and expanded its sales network. The Cement Company last week stressed that it was reviewing its distribution network to ensure the availability of the product by creating wider access for its customers.
The stock share price closed negative in 2010 and 2011 with -11.11% and -7.69% in that order while it also recorded -2.50% losses in 2012 so far. The company also recorded positive growth performance in its Q1 2012 financials while the distribution network review will help improve the revenue base of the firm as the product will now be available to the end users.
Skye Bank Plc’s Visa London Olympics Games promotion, which began three months ago, has produced ten lucky winners who are to enjoy an all-expense paid trip to the London Olympics where they will watch some athletic and other sporting events. The ten lucky winners who emerged through electronic raffle draws conducted in Lagos on Monday are among the bank’s Visa account holders in Nigeria, the Gambia, Sierra Leone, and Guinea where it has subsidiaries.
Skye Bank Plc recorded -50.03% loss in 2008 ad it further went down by -36.09% in 2009. It witnessed an impressive performance in 2010 with +60.29% gains recorded while the appreciations were erased in 2011 with the share price recording -56.36%. The financial institutions has recorded -27.34% YTD loss in 2012 but has witnessed positive growths of +12.6% in gross earnings and +12.49% in PAT.
Chellarams Nigeria Plc, manufacturer and marketer of products targeted at children and a firm believer in children’s developmental initiatives, through its fast moving consumer goods and consumer durable departments recently supported several ‘Children’s Day’ programmes organized in Lagos. Chellarams support was demonstrated through the donation of children’s bicycles and cartons of milk to winners featured by different organizers.
The Conglomerate share price moved northwards by +80.91% in 2008 while it recorded price depreciations of -36.81%, -46.21% and -15.39% in 2009, 2010 and 2011 respectively. The stock’s share price remained flat in 2012 as it records no movement while positive growth was recorded in turnover and PAT.
Julius Berger Nigeria Plcat its 42nd Annual General Meeting, made public its 2011 figures, revealing a marginal 3 percent drop in turnover from N173 billion in 2010 to N169 billion. Meanwhile, the company’s profit before tax witnessed a significant 30 percent increase to N10.3billion, compared to N8 billion witnessed in the previous year, while profit after tax also witnessed a steep 74 percent rise to N4.9 billion as against the N2.8 made in 2010.
The construction firm share price recorded -34.30% and -53.62% in 2008 and 2009 while the losses were completely erased in 2010 with +93.87% gains recorded. The stock resumed downtrend in 2011 with -36.80% loss witnessed while -7.97% YTD losses has been recorded so far in 2012.
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