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1. Head Office:
111, Murtala
Muhammed Way,
Kano, Kano State.
Tel: 234-064-632181, 632477, 634636
Fax: 234-064-632479
E-mail: psmkano@yahoo.com
Lagos
Office:
1, Old Wharf
Road,
Beside Flour Mills of NIgeria Plc.
Apapa, Lagos
Tel: 234-01-5873798
2. Nature of Business:
Manufacturing and Distribution of Groundnut Oils,
Vegetable Oils, Animal
Feeds and other Oil Seed Cakes.
3. Date of Incorporation:
9th July, 1949
4. Date Listed on The Exchange:
February, 1979
5. NSE Classification:
Food/Beverages/Tobacco.
6. Board of Directors:
Thomas J. Frederick, (Chairman/CEO)
Mallam D. H. Abdu
P. Christidou (Ms)
Alhaji Aminu Danbappa
M. J. Frederick
Dr. Suleimanu Kumo
J. V. Loizides
J. B. Majiyagbe, SAN
Alhaji A. O. G. Otiti, OON
7. Company Secretary:
Mr. O. O. Alalade
Tel: 234- 01-5873798.
E-mail: oladayal@yahoo.com
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8. Auditors:
Akintola Williams Deloitte & Touche
(Chartered Accountants)
Niger
Street/Park Road
Kano, Kano State.
9. Company Registrars:
UBA Securities Limited
Raymond’s House,
97/105 Broad
Street, Lagos.
10. Subsidiaries/Associates:
Maiduguri Oil
Mills Limited
The Nigerian Bulk Oil Co. Ltd.,
11. End of Accounting Year
30th September
12. Number of Employees
87
13. Capital Structure
i.Authorised: N30,000,000.00
ii.Paid-Up N20,000,000.00
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FIVE-YEAR FINANCIAL SUMMARY
ASSETS EMPLOYED 2003 2002 2001 2000 1999
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed Assets 6,563 6,333 6,783 7,319 7,648
Investments 78,014 68,429 55,168 41,234 25,722
Net current assets 109,105 83,244 74,335 39,232 41,756
Long term liabilities (1,579) (1,656) (1,740) - -
---------- ---------- ---------- ---------- ----------
Shareholders’ funds 192,103 156,350 134,546 87,785 75,126
===== ===== ===== ===== =====
CAPITAL AND RESERVES:
Share Capital 20,000 20,000 20,000 10,000 10,000
Revaluation Reserve 4,402 4,402 4,402 4,402 4,402
Revenue Reserve 167,701 131,948 10,144 73,383 60,724
---------- ---------- ---------- ---------- ----------
Shareholders’ funds 192,103 156,350 134,546 87,785 75,126
===== ===== ===== ===== =====
TURNOVER, PROFIT,
TAXATION AND DIVIDEND:
Turnover 411,867 205,378 538,366 171,374 79,693
===== ===== ===== ===== =====
Profit Before Taxation 40,820 45,825 87,869 27,126 14,724
Taxation (5,067) (14,021) (31,108) (9,467) (4,265)
---------- ---------- ---------- ---------- ----------
Profit After Tax 35,753 31,804 56,761 17,659 10,459
Dividend - (10,000) (10,000) (5,000) (4,000)
---------- ---------- ---------- ---------- ----------
Profit for the year retained 35,753 21,804 46,761 12,659 6,459
===== ===== ===== ===== =====
Earnings per share (kobo) 89.38 79.51 141.90 44.15 26.15
Dividend per share (kobo) - 25.00 25.00 12.50 10.00
Net Assets per share (kobo) 480.26 390.88 336.37 219.46 187.82
NSE quotation at year end
(kobo) 705.00 630.00 406.00 770.00 759.00
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