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RESULT
AT A GLANCE FOR THE YEAR ENDED
30 SEPTEMBER 2007 |
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Gross earnings and profit before tax of the Group increased by 68% and 103% respectively. Highlights of the Group’s operating results for the year under review are as follows:
|
|
|
2007 |
2006 |
|
| |
|
N'000 |
N'000 |
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| |
Gross Earning |
74,936,710 |
44,689,775 |
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| |
Profit/(Loss) before Tax |
23,007,153
|
11,360,477 |
|
| |
Taxation |
(5,469,912) |
(2,061,055) |
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| |
Profit After Tax |
17,537,241 |
9,299,422 |
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| |
Minority Interest |
(4,764) |
764 |
|
| |
Profit attributable to the Group |
17,532,477 |
9,300,186 |
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Appropriations |
|
|
|
| |
Transfer to Statutory Reserve |
2,570,113 |
1,769,113 |
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| |
Transfer To SME Reserve |
856,704 |
589,705 |
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| |
Bonus issue |
- |
1,164,201 |
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| |
Transfer to Contingency Reserve |
26,591 |
1,931 |
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| |
Transfer to Retained Earnings Reserve |
14,079,069 |
4,310,523 |
|
| |
|
17,532,477 |
9,300,186 |
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| |
Earnings per share (Basic) |
150.60k |
102.63k |
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| |
Dividend per
share (Basic) |
102k |
42k |
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