THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

 

Published Under the Authority

 of the Council of:

 

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

  2/4 Customs Street,

P.O. Box 2457, Lagos

 Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

   Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

 

 

BRANCHES:

Abuja (Area Office)

Kaduna

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

Uyo

 

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

  

Copyright:

The Nigerian  Stock Exchange

ISBN 978 0262 - 1 - 6

 

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

 

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

 

FACTBOOK 2008

 

 

 

CUTIX PLC

 

1. Head Office:

  17, Osita Onyejianya Street,

  Anuka, Otolo, Nnwei,

  P. M. B. 5040, Nnewi.

  Anambra State of Nigeria.

  Tel: 234-046-463623, 463624, 460789

  Fax: 234-01-46-463623, 462186.

  Telex: 2117 TDS Net Box 895

 

  Lagos Office:

  17, Olutosin Ajayi Street,

  Ajao Estate

  P. M. B. 1019, Oshodi,

  Lagos.

  Tel: 234-01-4521253, 7918827

 

2. Nature of Business:

  Manufacturing and Marketing of Electrical, Automobile and Telecommunication Wires, Cables, and Related Products.

 

3. Date of Incorporation:

  4th November, 1982

 

4. Date Listed on The Exchange:

  12th August, 1987 - SSM

  Migrated to First Tier on February 18, 2008

 

5. NSE Classification:

  Engineering Technology

 

6. Board of Directors:

  Engr. Chief Ajulu Uzodike, OON (Chairman),

  Chief R. C. Onyeje

  Mr. S. C. Nsoedo

  Bar. (Mrs.) A. O. Uzodike

  Chief C. E. Nzewi

  Ichie G. M. Ikebuilo

  Dr. A. I, Ikenga Metuh

  Chief J. C. Ojukwu

  Engr. O. O. Nwosu

  Mr. I. F. Uzodike

  Ms P. A. Nwagbogu

  Engr. Uzo A. Uzodike

  Barr. (Mrs.) I. Nwahiri

 

 

 

 

7. Company Secretary:

  Miss Tyna Ogbonna

  17, Olutosin Ajayi Street,

  Ajao Estate, Oshodi

  Lagos.

 

8. Auditors:

  Nnamdi Oyeka & Co.,

  (Chartered Accountants)

  34, Bassie Ogamba Street,

  Off Adeniran Ogunsanya Street,

  Surulere, Lagos.

 

9. Company Registrars:

  Oceanic Registrars limited

  226 Awolowo Road,

  Ikoyi Lagos

 

10. Subsidiaries/Associates:

  Nil

 

11. End of Accounting Year

  30th April

 

12. Number of Employees

  182

 

13.  Capital Structure

  i.  Authorised:     N264,198,304.00

  ii.  Paid-Up         N264,198,304.00

 

14. Structure of Shareholding:

  Nigerian Re-Insurance Corporation - 6.06%

  Ami Limited         - 5.11%

  Other Nigerian Citizens and Asso. - 88.83%

 

 

FIVE-YEAR FINANCIAL SUMMARY

   

ASSESTS EMPLOYED                            2008          2007        2006          2005          2004

                                                          N’000         N‘000       N‘000         N‘000         N‘000

 

Fixed Assets                                     312,946      172,200     75,948        81,258        86,077

Net Current Assets                             137,370      127,198    107,096        74,042        45,395

Deferred Tax                                     (65,169)      (28,832)     (2,366)       (2,521)       (9,108)

                                                       ————      ————   ————      ————        ———

                                                       385,147      270,666    180,678      152,779      122,364

                                                       ======      ======    ======      ======      ======

 

FINANCED BY:

Share Capital                                     264,196      132,099    132,099        66,050        66,050

Reserves                                           120,951      138,567     48,579        86,729        56,314

                                                         ———        ———   ————      ————        ———

                                                       385,147      270,666    180,678      152,779      122,364

                                                       ======      ======    ======      ======      ======

 

Turnover                                         1,307,337    1,064,021    714,167      574,181      434,208

                                                         =====        =====     =====        =====        =====

Profit before taxation                         195,551      187,560     80,875        55,294        45,850

Taxation                                           (81,070)      (65,869)   (26,554)      (11,670)      (10,430)

                                                       ————      ————   ————      ————        ———

Profit after tax                                   114,481      121,691     54,321        43,624        35,420

Dividend                                                     -      (31,704)   (26,420)      (13,210)      (13,210)

                                                       ————      ————   ————      ————        ———

Retained Profit for the year                114,481        89,987     27,901        30,414        22,210

                                                         =====        =====     =====        =====        =====

PER SHARE DATA (KOBO):

Earnings per share (adjusted note1)         21.67         23.03       10.28           8.25           6.70

Earnings per share (actual note 2)            21.67        46.06k     20.56k        33.02k        26.81k

 

NOTES:

1. Earnings per share (adjusted) have been calculated each year on the issued share capital at April 30 2008, and it is based on the profit after taxation.

 

2. Earnings per share (actual) have been calculated each year on the issued share capital at Balance Sheet date and it is based on the profit after taxation.

 

 

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

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