The following companies will be issuing a bonus or closing their register this week
PZ Cussons Plc
PZ Cussons Plc will be closing its register from the October 2-October 6 2017. PZ Cussons Plc shares closed at N26 at the end of Friday’s trading session on the Nigerian Stock Exchange. The stock is up 79.31% year to date.
Audited results for the financial year ended May 2017, show that its revenue increased by 14.5% from N69.5 billion in 2016 to N79.6 billion in 2017. Profit before tax also increased by 54% from N3.1 billion in 2016 to N4.8 billion in 2017. The stellar result was driven by the recovery in the consumer goods segment. Profits from the segment increased 263% from N776 million in 2016 to N2.8 billion in 2017.
Nigerian Enamelware Company Plc
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Nigerian Enamelware Company Plc will be issuing a bonus of 1 for 5 to its shareholders on the 5th of October 2017. Nigerian Enamelware Company Plc was incorporated on the 21st of May 1960 as a private limited liability company. The company went public on the 28th of December 1979 in line with the indigenization decree of 1979 and was listed on the Nigerian Stock Exchange. The company is into the manufacturing and marketing of enamelware products.
Results for the financial year ended April 2017 show revenue declined by 8% from N2.7 billion in 2016 to N2.5 billion in 2017. Profit before tax dropped massively by 176% from N176 million in 2016 to N67 million in 2017, largely due to a jump in finance costs. Finance costs increased by 37% from N396 million in 2016 to N543 million in 2017.