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1. Head Office:
Km 5, MCCC/Uratta Road,
Umuoba, Uratta,
Owerri, Imo State.
Tel: 234-083-300667, 300668, 087-771190,
0805-3002000, 0803-96600958
Fax: 234-083-231275
E-mail: info@abctransport.com
Website: www.abctransport.com
2. Nature of Business:
Transportation of Commuters and Goods by Road.
3. Date of Incorporation:
5th April, 1993 as a Limited Liability Company
21st November 2005 as a Public Limited Liability Company.
4. Date Listed on The Exchange:
20th December, 2006
5. NSE Classification:
Road Transportation
6. Board of Directors:
Mr. Frank Nneji, OON
(Chairman/CEO)
Mr. Jude Nneji
Dr. Aloy Nwaogugu
Mr. Olumide Obayomi
Mr. Afolabi Oladele
Mr. Okey Enelamah
Alhaji Kabiru
Yusuf
7. Company Secretary:
R. Uche Ukuta
(Mrs.)
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8. Auditors:
Akintola Wiliams
Deloitte
(Chartered Accountants)
15, Emeyal Street,
G. R. A. Phase II
P. O. Box
3704
Port Harcourt
Rivers
State.
9. Company Registrars:
First Registrars Nigeria Limited
Plot 2, Abebe Village Road,
Iganmu, Lagos.
10. Subsidiaries/Associates:
Abex Express Parcel Services
Ltd.
11. End of Accounting Year
31st December
12. Number of Employees
998
13. Capital Structure
i. Authorised: N800,000,000.00
ii. Paid-Up N753,500,000.00
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FIVE-YEAR FINANCIAL SUMMARY
ASSETS
EMPLOYED 2006 2005 2004 2003 2002
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed assets 1,765,053 1,425,915 978,185 937,218 658,158
Investments 7,575 7,575 7,575 7,575 7,575
Long term liabilities (604,052) (617,011) (60,000) (160,790) (43,997)
Net current assets/(liabilities) 540,925 19,173 (414,696) (307,854) (282,146)
-------------- ------------- ------------- ------------- ------------
1,709,501 835,653 511,064 476,149 339,590
======= ======= ======= ====== ======
FINANCED BY:
Share capital 753,500 210,000 30,000 30,000 18,000
Share premium 576,863 - 141,000 141,000 -
Capital reserves 251,925 251,925 135,383 135,383 135,383
Bonus reserve - 210,000 - - -
Profit and loss account 172,027 96,143 204,681 169,766 186,207
-------------- ------------- ------------- ------------- ------------
1,754,315 768,143 511,064 476,149 339,590
======= ======= ======= ====== ======
PROFIT AND LOSS ACCOUNT
Gross earnings 2,708,996 2,199,700 1,769,593 1,448,977 1,151,014
Profit/(loss) before taxation 265,907 199,232 108,947 19,180 (86,676)
Taxation (122,898) (58,694) (44,031) (35,623) (6,744)
Profit/(loss) after taxation 143,009 140,537 64,916 (16,442) (93,420)
Retained earnings for the year 143,009 140,537 64,916 (16,442) (93,420)
-------------- ------------- ------------- ------------- ------------
Earnings/(loss) per share (basic) 0.095 0.335 2.160 (0.550) (5.190)
Earnings/(loss) per share (diluted) 0.095 0.093 0.043 (0.011) (0.062)
NOTE:
Earnings per share are based
on 1,507,000,000 ordinary shares of 50k each.
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