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1. Head Office:
Bull
Plaza,
38/39 Marina,
P. M. B. 2052, Lagos.
Tel: 234-01-2665880-9, 2665882, 2665873, 2662992, 2662270,
2664345, 2662313, 2662226, 26644802-4.
Fax: 234-01-2662802, 2664942
2. Nature of Business:
Marketing of Refined Petroleum Products. Manufacturing and
Marketing of Lubricants, Household and Industrial
Chemicals
3. Date of Incorporation:
1960 as a Private Limited Liability Company. Converted to a
Public Company in 1989.
4. Date Listed on The Exchange:
1989
5. NSE Classification:
Petroleum (Marketing)
6. Board of Directors:
Dr. Mike Adenuga (Jnr.), CON - Chairman
Mr. Sanjay Mathur
(MD/CEO)
Mr. J. O. Ariyo
Dr. O. G. Banigo
Dr. M. E. Omatsola
Engr O.A. Tychus
Chief Kola Adegbola
Prince Tunde Akinyera
Mr. Babajide Micheal Adenuga
Ms Oyindamola Emilia Adenuga
7. Company Secretary:
Evi Obieroma
Bull
Plaza
38/39 Marina, Lagos.
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8. Auditors:
Akintola Williams Deloitte
(Chartered Accountants)
235, Ikorodu
Road, Lagos.
9. Company Registrars:
Sterling Registrars Limited
8th Floor,
Knight
Frank Building,
24 Campbell
Street, Lagos.
Tel/Fax: 234-01-2642582
E-mail: ntsl@nalbank.com.ng
10. Subsidiaries/Associates:
Conpetro Limited
11. End of Accounting Year
31st December
12. Number of Employees
287
13.Capital Structure
i. Authorised: N350,000,000.00
ii. Paid-Up
N346,976,000.00
14. Analysis of Shareholding
Conpetro Limited - 74.40%
Nigerian Public - 25.60%
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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
BALANCE SHEET:
Fixed Assets 8,990,924 10,353,591 7,989,253 7,550,393 6,991,465
Long term Investments 10 10 10 10 10
Net Current Assets/(Liabilities) 6,137,961 3,845,487 3,532,485 1,808,720 1,016,318
Amount falling due after one
year (1,455,014) (1,050,163) (1,666,206) (564,055) (489,467)
Provision for liabilities
& charges (1,693,876) (1,854,028) (1,369,405) (1,198,281) (746,782)
------------ ------------ ------------ ------------ ------------
11,980,005 11,294,897 8,486,137 7,596,787 6,771,544
======= ====== ====== ====== =======
CAPITAL AND RESERVES:
Share capital 346,976 346,976 346,976 346,976 289,147
Share Premium account 3,824,770 3,824,770 3,824,770 3,824,770 3,824,770
Reserve for bonus issue - - - - 57,829
General Reserve 5,238,337 4,553,229 1,744,469 855,119 29,876
Revaluation reserve 2,569,922 2,569,922 2,569,922 2,569,922 2,569,922
------------ ---------- ---------- ---------- ----------
11,980,005 11,294,897 8,486,137 7,596,787 6,771,544
======= ======= ======= ======= =======
PROFIT AND LOSS ACCOUNT:
Turnover 86,847,548 90,523,366 75,535,137 60,032,150 34,504,503
======= ======= ======= ======= =======
Operating Profit before
taxation 3,759,266 4,113,124 3,860,658 3,374,423 3,032,075
Taxation (1,165,790) (1,304,364) (1,236,428) (1,161,274) (1,002,660)
------------ ------------ ------------ ------------ ------------
Profit after taxation 2,593,476 2,808,760 2,624,230 2,213,149 2,029,415
Dividend (1,908,368) (1,908,368) (1,734,880) (1,387,906) (2,024,029)
------------ ------------ ------------ ------------ ------------
Profit for the year retained 685,108 900,392 889,350 825,243 5,386
======= ======= ======= ======= =======
Earnings per share (basic)
(k) 374 405 378 319 292
Dividend per share (basic)
(k) 275 275 250 200 292
Net assets per share (k) 1,726 1,628 1,223 1,095 976
NOTE:
Earnings and dividend per
share are based on profit after tax and the number of ordinary shares in
issue at 31 December of every year. Net assets per share are based on the
number of issued shares at 31 December of every year.
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