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1. Head Office:
2, Akilo
Street,
Ogba, Ikeja,
P. O. Box
1071, Lagos.
Tel: 234-01-4922202,
Fax: 234-01-4922206
Telex: 21947 FIRST NG.
E-mail: Info@firstaluminiumplc.com
2. Nature of Business:
Manufacturing of Aluminium Coils, Sheets, Circles and
Tubes,
Laminate and Seamless Tubes.
3. Date of Incorporation
20th August, 1960
4. Date Listed on The Exchange:
5th November, 1992
5. NSE Classification:
Domestic/Industrial
6. Board of Directors:
Alhaji Sulaiman S. Baffa, (Chairman)
Mr. Gavin Peter Molloy (Ag. MD/CEO)
Chief John Nwabueze Ajene
Engr. Joseph Oyeyani Makoju, mni
Chief Henry Chukwuma Okolo
Mr.Robin Neville
Mr. Uday Gupta
Mukul Shankar Varma
Mr. Olayinka Sanni
Mr. Ian David Melrose
7. Company Secretary:
Popoola Nominees Limited
Block A6, Falomo Shopping Centre
Awolowo Road,
Ikoyi, Lagos.
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8. Auditors:
PricewaterhouseCoopers,
(Chartered Accountants)
Plot 252E, Muri
Okunola Street
Victoria Island,
P. O. Box
2419, Lagos.
9. Company Registrars:
Union Registrars Limited
2, Burma Road, Apapa, Lagos.
10. Subsidiaries/Associates
Aluminium City Limited
11. End of Accounting Year
31st December.
12. Number of Employees
588
13.Capital Structure
i. Authorised: N1,000,000,000.00
ii. Paid-Up
N621,110,000.00
14. Analysis of Shareholding:
Alucon S. A. - 51%
IBTC -
35%
Others -
14%
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FIVE-YEAR FINANCIAL SUMMARY
CAPITAL
EMPLOYED 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Share Capital 621,110 621,110 621,110 621,110 621,110
Share Premium 487,600 487,600 487,600 487,600 487,600 Capital Reserve 200,275 200,275 200,275 200,275 200,275 General Reserve (428,032) 34,800 77,703 1,776 (54,204) ----------- ---------- -------- ---------- ---------
Proposed dividend - - 62,111 62,111 124,222
Shareholder’s Interest 880,953 1,343785
Long Term Loan 460,689 190,148 293,722 - Deferred Taxation 17,344 7,002 - -
-------------- -------------- ------------ ------------ ----------
1,751,175 1,726,941 1,726,539 1,464,723 ======== ======= ======= ======= =======
EMPLOYMENT OF FUNDS
Fixed Assets 2,381,994 1,877,211 1,825,678 1,457,428 Investment in shares 5,400 5,400 5,400 - Long term receivables 6,102 6,102 6,209 6,422 Deferred tax assets 36,194 32,189 24,026 17,992 Long term assets 119,501 73,359 76,017 55,387 Current Assets
Less Liabilities (598,016) (267,320) (210,791) (72,506) ---------------- ---------------- --------------- -------------- --------------
1,951,175 1,726,941 1,726,539 1,464,723 ======== ======= ======= ======= =======
SALES AND PROFIT:
Turnover 8,695,370 8,102,200 6,394,591 4,831,846 Profit/(Loss) Before Taxation 30,895 195,831 129,543 233,436 Taxation (25,433) (36,746) (37,227) (42,779) Profit/(Loss) After Taxation 5,462 159,085 92,316 190,657 ======== ======= ======= ======= =======
PER ORDINARY SHARE
(Adjusted):
Profit/(Loss) After Tax (k) 0.4 12.8 7.4 15.3 Book Value (k) 118.6 123.1 115.3 117.9
OTHER STATISTICS:
Capital Expend. 779,258 301,780 580,170 118,445 No. of Shareholders
at the year end 5,698 5,196 5,128 4,869
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