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1. Head Office:
Km. 32, Lagos-Badagry
Exp. Way,
Agbara Industrial Estate,
Ogun
State.
Tel: 234-01-7740595, 2882929, 2883192;
Fax: 234-01-5559568; Telex: 22256.
2. Nature of Business:
Pharmaceutical/Foods Manufacturing
3. Date of Incorporation:
23rd April, 1954
4. Date Listed on The Exchange:
1979
5. NSE Classification:
Healthcare.
6. Board of Directors:
Chief S. A.
Edu - (Chairman)
Dr. Kiran Virat (MD/CEO)
Alhaji I. M. Damcida
Alhaji J. B. Alli-Oluwafuyi
Mr. M. A. Ajufo
Chief H. Harriman
Mr. V. Eburajolo
Mrs. U. C. Ohimai-Ehimiaghe
Mr. O. Olaopa
Mr. Kunle Elebute
Mr. Bolaji Odunsi
7. Company Secretary:
Cautious Services Limited
Ebani House,
149/153 Broad
Street,
Lagos.
8. Auditors:
PricewaterhouseCoopers
(Chartered Accountants)
252E, Muri
Okunola Street,
Off Ajose
Adeogun Street,
Victoria Island,
P. O. Box
2419, Lagos
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9. Company Registrars:
City Securities Limited
5th Floor,
Primrose
Tower,
17A, Tinubu
Street, Lagos.
Tel: 234-01-2665944-53
10. Subsidiaries/Associates:
None
11. No. of employees:
343
12. End of Accounting Year
31st December
13. Capital Structure
i. Authorised: N250,000,000.00
ii. Paid-Up N184,270,000.00
14. Analysis of Shareholding:
Grosvenor Court,
Albert Road
Isle of Man 28.03%
Nigeria
Social Insurance Trust Fund 8.49%
Leoandoe
Investment Limited - 10.00%
Tuoyo
Holdings Limited - 6.03%
Other Nigeria
Citizens & Associations 52.55%
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FIVE-YEAR FINANCIAL SUMMARY
CAPITAL
EMPLOYED 2004 2003 2002 2001 2000
N‘000 N‘000 N‘000 N‘000 N‘000
Turnover 2,368,375 1,537,467 1,183,302 919,215 750,378
====== ====== ====== ====== ======
Operating (Loss)/
Profit before tax (58,265) 125,953 105,798 44,595 52,731
Taxation for the year 45,589 (36,920) (7,845) 15,527 4,667
——— ——— ——— ——— ———
(Loss)/Profit After Tax (12,676) 89,033 97,953 60,122 48,064
Dividends - (73,708) (14,818) (11,854) (8,891)
———— ———— ———— ———— ———
Retained (Loss)/Profit (12,676) 15,325 83,135 48,268 39,173
===== ===== ====== ====== ======
BALANCE SHEET:
Fixed Assets 1,117,037 1,060,985 1,093,612 1,122,315 1,151,700
Invest. in subsidiary
Companies 1 1 1 1 1
Net Current/assets/(Liabilities) 177,943 407,745 (18,031) (129,869) (199,522)
Deferred Tax (51,075) (14,696) (7,696) (7,696) (15,696)
———— ———— ———— ———— ———
Total Net Assets 1,485,183 1,454,035 1,067,886 984,751 936,483
======= ======= ======= ======= ======
REPRESENTED BY:
Share Capital 184,270 155,859 59,270 59,270 59,270
Share Premium 62,667 281,539 7,304 7,304 7,304
Reserve for Bonus issue 36,854 - - - -
Revaluation reserve 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
General Reserve (98,608) 16,637 1,312 (81,823) (130,091)
———— ———— ———— ———— ———
1,485,183 1,454,035 1,067,886 984,751 936,483
====== ====== ====== ====== ======
Dividend per share (kobo) - 20 12.5 10.0 7.5k
Earnings/(loss) per share
(kobo) (14) 25 83 51 44
Adj. (Loss)/earnings per
share (kobo) (14) 21 27 16 13
Net assets per share (kobo) 403 463 901 831 800
Adjusted Net assets per
share (kobo) 403 391 290 267 254
——— ——— ——— ——— ———
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