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Federal High Court approves merger between CAP Plc and Portland Paints

Federal High Court approves merger between CAP Plc and Portland Paints
nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.

Bolarin Okunowo , Products Nigeria Plc , Products Plc , Nigerian Exchange Group Limited , High Court , Federal High Court , Allied Products Plc , Portland Paints , Managing Director , ப்ராடக்ட்ஸ் நைஜீரியா ப்ல் , ப்ராடக்ட்ஸ் ப்ல் , உயர் நீதிமன்றம் , கூட்டாட்சியின் உயர் நீதிமன்றம் , கூட்டணி ப்ராடக்ட்ஸ் ப்ல் , போர்டிலந்ட் வண்ணப்பூச்சுகள் , நிர்வகித்தல் இயக்குனர் ,

Breaking News | Covid-19 Deflates CAP's Q1 Performance

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By Peter Egwuatu The COVID-19 pandemic has affected the performance of Chemical and Allied Products Plc (CAP), in the first quarter of 2021, Q1’21, though its operating expenses, OPEX, improved by 258 bases points, bps or 23.3 per cent from 25.8 per cent in the corresponding period of 2020, Q1’20.
A review of the Company’s unaudited results released to the Nigerian Exchange Group, NXG, for the first quarter ended March 31, 2021 showed that the revenue of N2.1 billion was lower than Q1’20 by 9.5 per cent while the gross profit was N703 million, a decline by 39.9 per cent against N1.167 billion in Q1’20 with gross margin of 33.5 per cent. ....

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Covid-19 deflates CAP's Q1 performance

By Peter Egwuatu
The COVID-19 pandemic has affected the performance of Chemical and Allied Products Plc (CAP), in the first quarter of 2021, Q1’21, though its operating expenses, OPEX, improved by 258 bases points, bps or 23.3 per cent from 25.8 per cent in the corresponding period of 2020, Q1’20.
A review of the Company’s unaudited results released to the Nigerian Exchange Group, NXG, for the first quarter ended March 31, 2021 showed that the revenue of N2.1 billion was lower than Q1’20 by 9.5 per cent while the gross profit was N703 million, a decline by 39.9 per cent against N1.167 billion in Q1’20 with gross margin of 33.5 per cent. ....

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Covid-19 pandemic deflates CAP's Q1 performance amid improvement in operating expenses

Covid-19 pandemic deflates CAP’s Q1 performance amid improvement in operating expenses
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By Peter Egwuatu
The coronavirus, COVID-19 pandemic has affected the performance of Chemical and Allied Products Plc (CAP) , in the first quarter of 2021, Q1’21, though its operating expenses, OPEX improved by 258 bases points, bps or 23.3 per cent from 25.8 per cent in Q1’20.
A review of the Company’s unaudited results released to the Nigerian Exchange Group, NXG for the first quarter ended March 31, 2021 showed that revenue of N2.1 billion was lower than Q1’20 by 9.5 per cent. The gross profit was N703 million, a decline by 39.9 per cent as against N1.167 billion in Q1’20 with gross margin of 33.5 per cent. Operating expenses better managed with opex/ sales of 23.3 per cent, an improvement of 252 basis points from 25.8 per cent in Q1’20. ....

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UAC of Nigeria Returns to Profitability, Recommends 120 kobo Dividend

By Goddy Egene
UAC of Nigeria Plc (UAC) has announced its audited results for the year ended December 31, 2020, showing a profit of N3.927 billion as against a loss of N9.256 billion in 2019.
The top-line showed a revenue of N81.357 billion, up by three per cent to N79.202 billion in 2019. Profit before tax stood at N5.121 billion in 2020, while PAT printed at N3.927 billion.
Earnings per share was 92 kobo compared with negative 183 kobo in 2019. The board of directors therefore recommended a dividend of 120 kobo. It comprises 65 kobo ordinary and 55 kobo special dividend.
Commenting on the results and corporate actions, Group Managing Director, Fola Aiyesimoju, stated: “UACs objective is to generate attractive long-term, risk-adjusted returns for our shareholders. I am delighted that the board approved N7.1 billion in capital returns to shareholders via a mix of dividends and REIT units totalling N2.47 per share or a 28.3 per cent return at current market values ....

Fola Aiyesimoju , Goddy Egene , Products Nigeria Plc , Products Plc , Property Development Company Plc , Nigeria Plc , Group Managing Director , Development Company Plc , Allied Products Plc , Portland Paints , ப்ராடக்ட்ஸ் நைஜீரியா ப்ல் , ப்ராடக்ட்ஸ் ப்ல் , ப்ராபர்டீ வளர்ச்சி நிறுவனம் ப்ல் , நைஜீரியா ப்ல் , குழு நிர்வகித்தல் இயக்குனர் , வளர்ச்சி நிறுவனம் ப்ல் , கூட்டணி ப்ராடக்ட்ஸ் ப்ல் , போர்டிலந்ட் வண்ணப்பூச்சுகள் ,