Access Bank office
Quoted company on the Nigerian Stock Exchange (NSE) Friday present mixed third quarter results to the exchange with many of them reporting weaker than expected figures.
However, the weaker than expected figures did not impact the stock market negatively last Friday as the market closed on a positive note-the NSE All-Share Index or ASI appreciated marginally by 0.09 per cent to close at 27,296.35 points, compared with the appreciation of 0.28 per cent recorded last Thursday.
Analysis of the results presented to the NSE showed that
Access Bank Plc recorded gross earnings of N162.275 billion for the third quarter ended September 31, 2012 as against N86.316 billion recorded in the corresponding period of 2011.
Its profit for the period stood at N35.092 billion compared with N13.661 billion in 2011. The bank recorded a net asset of N241.302 billion compared with N192.065 billion in 2011.
On the other hand, Skye Bank Plc’s unaudited results for the nine months ended September 31, 2012 showed gross earnings of N94.131 billion compared with N73.289 billion earned in 2011. Loss after tax stood at N13.2 billion as against profit after tax of N8.969 billion recorded in 2011.
Champion Breweries Plc’s unaudited results for the third quarter ended September 31, 2012 showed a turnover of N126.523 million compared with 138.375 million recorded in 2011. Its profit/(Loss) after tax stood at N485.439 million as against N256.916 million recorded in 2011. On its part, Transnational Corporation of Nigeria Plc recorded a turnover of N1.136 billion compared with N1.877 billion in 2011. Profit after tax for the period was N1.502 billion as against a loss of N77.220 million in 2011.
Unilever Nigeria Plc’s unaudited results for the nine months ended September 31, 2012 showed a turnover of N41.660 billion compared with N40.415 billion earned in 2011. Profit after tax for the period was N4.007 billion compared with N4.067 billion in 2011. Its net assets stood at N8.167 billion.
Secure Electronic Technology Plc’s unaudited results for the nine months ended September 31, 2012 showed a gross income of N3.302 billion compared with N2.491 billion in 2011. Profit/(loss) after tax stood at N63.737 million as against N22.064 million recorded in 2011. Its net assets stood at N6.416 billion.