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1. Head Office:
1, Henry Carr
Street,
Ikeja Industrial Estate, Ikeja.
Tel: 234-01-4973730 - 4, Fax: 234-01-4963866, 4933430.
Telex: 26605
E-mail: info@neimeth.com
2. Nature of Business:
Manufacturing and Marketing of Pharmaceuticals, Chemical
and
Animal Health Products.
3. Date of Incorporation:
30th August, 1957
4. Date Listed on The Exchange:
21st September, 1979
5. NSE Classification:
Healthcare
6. Board of Directors:
Dr. A. B. C. Orjiako, (Chairman)
Mazi S. I. Ohuabunwa, MON (President/CEO)
Mr. E. P. Ekunno
Mr. D. C. Anochie
Mr. Z. K. Momodu
Mr. E. K. Adefemi
Mr. A. O. Balogun
Mr. G. N. Ohuabunwa
7. Company Secretary:
Mrs. F. I. Onyenekwe
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8. Auditors:
Akintola Williams Deloitte
(Chartered Accountants)
9. Company Registrars:
Meristem Registrars Limited
Lagos.
10. Subsidiaries/Associates:
WHL
11. End of Accounting Year
31st March
12. Number of Employees
279
13.Capital Structure
i. Authorised: N750,000,000.00
ii. Paid-Up N328,630,000.00
14. Analysis of Shareholding
Nigerians - 100%
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FIVE-YEAR FINANCIAL SUMMARY
ASSETS
EMPLOYED 2008 2007 2006 2005 2004
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed Assets 183,698 95,260 48,874 58,571 54,800
Finance leased assets 89,641 111,916 25,900 13,650 -
Investments 198,888 - - - -
Net Current Assets 1,919,047 1,728,381 1,836,527 938,002 896,653
Deferred taxation (47,379) (24,813) (18,589) (15,02) (13,881)
Debenture stock (420,492) (96,056) (192,056) (384,093) (480,093)
Staff Gratuity (283,328) (190,971) (124,656) (70,209) (38,485)
———— ———— ———— ———— ————
1,640,075 1,623,717 1,576,000 540,919 418,994
======= ======= ======= ======= ======
CAPITAL AND RESERVES:
Share Capital 328,630 327,529 327,070 92,524 82,103
Reserve for bonus issue 82,158 - - 18,505 -
Share premium account 894,961 969,477 973,220 236,408 204,826
Revenue reserve 328,326 326,711 275,710 193,482 132,065
------------ ------------ ------------ ------------ ------------
Shareholders’
fund 1,634,075 1,623,717 1,576,000 540,919 418,994
====== ====== ====== ====== ======
TURNOVER, PROFIT
TAXATION AND DIVIDENDS:
Turnover 1,946,513 1,503,858 1,203,530 1,241,949 1,002,024
Profit before taxation 165,130 172,306 124,592 153,602 89,155
Profit after taxation 98,267 116,415 82,228 98,427 59,175
Dividend 79,799 65,414 - 37,010 24,631
PER SHARE DATA (KOBO):
Earnings:
Basic 15 18 30 53 36
Diluted - 18 13 15 9
Net assets 250 248 241 83 64
Dividend 12 15 10 20 15
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NOTE:
Earnings per share are calculated based on the
profit after taxation and the number of issued and fully paid ordinary
shares at the end of each financial year. Net assets per share are
calculated based on net assets and the number of issued and fully paid
ordinary shares at the end of each financial year. Dividend per share is
calculated based on dividend declared and the number of issued and fully
paid ordinary shares at the end of each financial year.
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