By Michael Eboh
Afromedia Plc has announced a dividend of five kobo per share for its shareholders in its 2009 financial year.According to its audited financial report for the year ended, September 30, 2009, released to the Nigerian Stock Exchange (NSE), Tuesday, the dividend which is subject to shareholders’ approval at its forthcoming annual general, will be paid to shareholders whose names appear on its register on February 12, 2010.

The company’s turnover grew by 22.45 per cent, from N1.96 billion in 2008 to N2.39 billion in the current year, it recorded a profit before tax of N338.44 million, dropping by 38.04 per cent from N546.26 million recorded in 2008, while its profit after tax stood at N340.8 million compared with N438.52 million recorded in 2008.
Also, SCOA Nigeria Plc announced a dividend of 10 kobo per share for its 2008 financial year, despite a dip in its profit after tax.

The company in its audited financial statements for the year ended, December 31, 2008, posted a profit after tax of N231.91 million, representing a drop of 71.8 per cent from N822.47 million recorded in 2007.

Its profit before tax dipped and after exceptional items dropped by 71.76 per cent, from N1.002 billion in 2007 to N283.53 million in 2008, while its turnover increased by 10.91 per cent to N3.045 billion from N2.746 billion recorded in 2007.

Meanwhile, the upward trend in the Nigerian Stock Exchange (NSE) continued Wednesday, as the total value of quoted equities appreciated by N69.36 billion.
The key indices for measuring the value of listed equities, the market capitalisation and All-share index, both appreciated by 1.38 per cent. The index garnered 289.53 basis points to close at 21,246.21 points, while the capitalisation rose by N69.36 billion to close at N5.089 trillion from N5.020 trillion at which it opened.
Gains on the share prices of majority of the quoted companies continued to account for the rise in the major market indicators. Nigerian Breweries Plc led other share price gainers, rising by N2.60 to close at N55.70 per share, Benue Cement Company Plc followed with a gain of N2.18 to close at N45.78 per share and Julius Berger Nigeria Plc garnered N1.21 to close at N27.00 per share.

Other share price gainers include: Flour Mills Nigeria Plc N1.00, Unilever Nigeria Plc N0.95, Ashaka Cement Plc N0.58, Dangote Flour Mills Plc N0.54, Zenith Bank Plc N0.51, PZ Cussons (Nigeria) Plc N0.50, Cadbury Nigeria Plc N0.49 among others.

On the contrary, Ecobank Transnational Incorporated recorded the most share price loss, dropping by N0.50 to close at N14.50 per share, Honeywell Flour Mills Plc followed with a loss of N0.41 to close at N8.09 per share and Vitafoam Plc shed N0.24 to close at N4.87 per share.

Other share price losers include: Incar Plc N0.19, RT. Briscoe Plc N0.15, Custodian and Allied Insurance Plc N0.14, C & I Leasing Plc N0.13, AG. Leventis Plc N0.12, Unity Kapital Assurance Plc N0.11, Diamond Bank Plc N0.08 among others.

Equity trading appreciated by 18.32 per cent, as a turnover of 293.5 million shares valued at N2.16 billion was recorded in 6,156 deals, in contrast to the previous day’s turnover of 248.06 million shares valued at N1.37 billion in 6,102 deals.

The Banking sub-sector dominated the other sub-sectors, accounting for 54.17 per cent of the market turnover, with 158.98 million shares valued at N1.42 billion in 3,095 deals. First Bank of Nigeria Plc emerged the most active in the sub-sector, trading 51.68 million shares valued at N738.23 million in 881 deals, FinBank Plc followed with the exchange of 18.18 million shares valued at N10.32 million in 114 deals and Fidelity Bank Plc recorded 16.48 million shares valued at N38.51 million in 174 deals.

The Insurance sub-sector followed on the sectorial analysis, accounting for 9.77 per cent of the market turnover, with 28.68 million shares valued at N28.27 million in 385 deals. Guaranty Trust Assurance Plc emerged the most active in the sub-sector, trading 5.81 million shares valued at N12.16 million in 29 deals, AIICO Insurance Plc followed with the exchange of 4.34 million shares valued at N3.79 million in 148 deals and NEM Insurance Company Plc recorded 3.28 million shares valued at N1.83 million in 18 deals.


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