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The Nigerian Stock Exchange X-Gen News Alert – Trans-Nationwide Express Plc:
Company Name: Trans-Nationwide Express Plc. (http://TranEx-NG.com)
Company Symbol: TRANSEXPR
[TRANSEXPR]>> Company Report
Trans-Nationwide Express Plc
Summary of Result for the Year Ended December 31, 2016
The Directors of TRANS-NATIONWIDE EXPRESS PLC announces the Audited Financial Result for the year ended December 31, 2016 as follows:
For the year: December 31, 2016 December 31, 2015 Growth Rate =N='000 =N='000 %
Revenue: 803,724 798,557 1
Profit before Tax: 30,292 75,678 (59)
Profit after Tax: 20,186 50,972 (60)
Proposed Dividend: 19,882 19,882 –
Share Capital: 99,410 99,410 –
Shareholders Funds: 427,387 428,085 –
Per share data
Earning per Share: 10k 26k (62)
Proposed Dividend per Share: 5K 10K (50)
Net Assets per 50k Share: 215k 215k
Number of Employees: 135 149 (9)
Distributed by APO on behalf of The Nigerian Stock Exchange Corporate News.
X-Gen News Alert offers Corporate Disclosure Information from the Nigerian Stock Exchange via Email.
Features
Financial News Headlines from Listed Companies;
Data Coverage on Nigerian Stock Exchange Equities;
News items are delivered to you on a Real Time Basis.
Benefits
Timeliness: Investors are able to make quick decisions on timely information;
Integrity of Information: News items are delivered from source;
Consistency: Corporate Disclosures from listed companies are delivered to you from a single source via Email.
Contact the Nigerian Stock Exchange Market Data Team for more information on +234 (1) 448 5857 or e-mail MarketServices@NSE.com.ng.
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Source: APO – Africa-Newsroom: latest news releases related to Africa
The Nigerian Stock Exchange X-Gen News Alert – Wapic Insurance Plc:
Company Name: Wapic Insurance Plc (www.Wapic.com)
Company Symbol: WAPIC
[WAPIC]>> Company Report
Wapic Insurance Plc
Audited Financial Statements for the Year Ended December 31, 2016
Dec 2016 Dec 2015
N'000 N'000
Gross Written Premium: 8,005,308 7,100,713
Profit before Tax: 1,193,446 1,667,662
Taxation: (607,421) (370,277)
Profit after Tax: 586,025 1,297,277
Distributed by APO on behalf of The Nigerian Stock Exchange Corporate News.
X-Gen News Alert offers Corporate Disclosure Information from the Nigerian Stock Exchange via Email.
Features
Financial News Headlines from Listed Companies;
Data Coverage on Nigerian Stock Exchange Equities;
News items are delivered to you on a Real Time Basis.
Benefits
Timeliness: Investors are able to make quick decisions on timely information;
Integrity of Information: News items are delivered from source;
Consistency: Corporate Disclosures from listed companies are delivered to you from a single source via Email.
Contact the Nigerian Stock Exchange Market Data Team for more information on +234 (1) 448 5857 or e-mail MarketServices@NSE.com.ng.
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Source: APO – Africa-Newsroom: latest news releases related to Africa
Finance minister Pravin Gordhan needs to put up or shut up on 100% black-owned bank:
Hamza Farooqui and Salim Essa’s Vardospan has filed court papers calling on Finance Minister Pravin Gordhan to either put up or shut up on the acquisition of Habib Bank.
If the acquisition of Habib Bank by Vardospan was to complete, it would bring new competition to a sector dominated by the big five banks and prioritise the provision of desperately needed loans to SMEs and entrepreneurs.
The application by Vardospan to acquire Habib Bank was submitted in August 2016 and was approved by the Competition Commission on 13th January 2017. Approval from the Minister of Finance and the Reserve Bank are now the only barriers preventing the completion of this transformative acquisition.
Seven months has passed since the formal application by Vardospan, which the company’s lawyers argue constitutes an unreasonable delay when time is of the essence in the success of this small transaction.
Hamza Farooqui, Director of Vardospan, said:
“It is plain to see that a transformational deal for black South Africans is being stalled by the Finance Minister. What is his motive? Is he just protecting his friends and colleagues in South Africa’s major banks in which he owns shares? We have been left with no alternative but to take this to Court.”
Distributed by APO on behalf of Vardospan.
Contact: mediadesk@vardospan.com
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Source: APO – Africa-Newsroom: latest news releases related to Africa
