Monday 30 August 2010
- Culled from The PunchStarcomms Plc has recorded N583.29m drop in loss after
tax in its unaudited result for the half year ended June 30, 2010.The profit represents a 15.8 per cent decline, from the
N3.69bn recorded in 2009 to N3.11bn in 2010.The result also showed that the companys turnover
dropped by 4.7 per cent or N798.79m, from N16.92bn to N16.12bn in 2010, while
net assets value stood at N28.14bn in 2010, compared to N31.25bn in 2009.Benue Cement Company Plc also released its unaudited
result for the half year ended June 30,2010.The company‘s profit after tax stood at N9.42bn, as
against N9.67bn in 2009. Its turnover dropped to N18.88bn in 2010, from N1960bn
in the comparable period of 2009. Net asset value stood at N29.71bn, compared
to N24.21bn in 2009.Meanwhile, a turnover of 260.9 million units, worth
N256.17bn was recorded last week in 2,602 deals, at the bond market, compared
to 239.15 million units, valued at N243.86bn exchanged the previous week in
2,890 transactions.The 10 per cent FGN Bond, July 2030, was the most active
bond, with a traded volume of 97.63 million units, valued at N88.83bn in 1,022
deals. The four per cent FGN April 2015 followed, with 34.6 million units,
valued at N28.38bn in 247 deals.In the week under review, 15 of the available 37 FGN
bonds were traded, compared to 18 traded in the preceding week.