Sunday, November 18, 2007

Financial News Update

The shares of FIRST INLAND BANK PLC were placed on
technical suspension today following the receipt of their
application for a public offering of 5.4 billion ordinary
shares at N10.50 per share.

GUINNESS NIGERIA PLC released its 3 months result for
period ended September 30, 2007. The Company’s Turnover
went up by 14% while Profit after Tax went down by 21%.
The decline was as a result of the earlier timing of
advertising and promotions expenditure. It is not expected
to re-occur barring any unforeseen circumstances. Full
details of the released result are in the attached report.

FIDELITY BANK PLC released its result for year ended June
30, 2007. The bank’s Gross Earnings and Profit after Tax
went up by 108% and 47% respectively. The bank has declared
a dividend of 11 kobo. Closure of register will be on
January 9, 2008. Full details of the released result are in
the attached report.

RT BRISCOE NIGERIA PLC released its 9 months result for
period ended September 30, 2007. The Company’s Turnover and
Profit after Tax went up by 31% and 38% respectively. Full
details of the released result are in the attached report.

NIGERIAN ENAMELWARE PLC released its 9 months result for
period ended June 30, 2007. The Company’s Turnover and
Profit after Tax went up by 1% and 6% respectively. Full
details of the released result are in the attached report.

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