BY NKIRUKA NNOROM
Nestle Nig. Plc:
Nestle Nigeria Plc is one of the investor friendly companies listed on the Nigerian Stock Exchange. Over the years, Nestle has delighted its shareholders with consistent dividend payment. This has unquestionably occasioned unprecedented rise in the stock price.
The stock price has risen by 138.25 percent in less than three months. Opening the year at N400.00, the stock price rose steadily to close at N836.00 at the close of transactions on Friday, 8th March, 2013.
The company recently announced dividend payment of N18.50, after paying an interim dividend of N1.50 in December 2012.
It also concluded the construction and commissioning of N5.4 billion ultra-modern facility in Agbara Ogun State.
According to analysts, the new distribution centre is very vital to Nestle’s growth in Nigeria and in West Africa.
The latest financial statement for year ended 30th December, 2012 showed that the revenue grew by 19 percent to N116.71 billion from N97.96 billion in 2011. Profit after tax grew to N21.14 billion from N16.49 billion, while total assets rose by 14 percent to n88.96 billion, as against N77.77 billion in 2011.
First Bank Plc:
First Bank of Nigeria Plc is one old generation bank that has stood the test of time. It survived the wind that recently blew in the banking industry that exposed the rot in the system. In the month of February, the Bankers Magazine published by Financial Times of London named First Bank the number one banking brand in Nigeria. The ranking is its second in two consecutive years. First Bank beat two other competing Nigerian banking brands with a brand value of USD201million.
On the floor of the Nigerian Stock Exchange, First bank has enjoyed an equally rewarding relationship with shareholders, pointing to the confidence reposed on the bank.
It is one out of about seven Nigerian banks that their share price is still within the two digit region. Beginning the year at N8.75, the price rose to N20.00 at the close of trading on 8th March, 2013. This indicated 133.4 percent growth.
First Bank Plc (FBN) reported 19 percent year-on-year, YoY, growth in turnover to N267.7billion for the nine months to September 2012. Also, Profit before tax and profit after tax each rose 48 percent YoY to N75.7 billion and N66.3 billion respectively within the same period.