Hi, Japaul had a sudden swing in results between quarter 3 and quarter 4 which remains unexplained. They have finally issued their annual report and the AGM is on the 20th of June at Owena Hotel Parliament Road Akure Ondo state. Is there a way we can get either someone in the Proshare community who resides there to attend so we can get much needed answers
Affected:JAPAULOIL Status: 1 Replies: 0
Strange full year results from Japaul.
I just saw the 2012 FY results for Japaul and was quite shocked at the massive swing in earnings. As at quarter 3, they were posting a PAT of N1.187bn and suddenly for the full FY the profit dropped to N272million. This means that they made a loss of almost a billion naira in Q4 which is extremely strange.
I would like to understand from the company, the reasons for the decline as it has cost me a lot. My emails to SEC, NSE and Japaul have gone unanswered. Thank you
Affected:JAPAULOIL Status: 1 Replies: 1