ABPLAST PRODUCTS  PLC

Nature of Business: Manufacturing and marketing of plastic products.

Head Office Address: Block 6, Flat 12, LSDPC Shopping Centre, 12 Industrial Avenue, Ilupeju, Lagos. P.O.Box 7909, Lagos.

Telephone: (002341) 960340. 

Fax:  N/A.

Telex: 27130. 

Email: N/A.

Website: N/A.

Date of Incorporation: 1.7.81.

Date Listed on the Lagos Stock Exchange:  31.8.90.

Auditors: Kunle Ladejobi & Company (Chartered Accountants), Surulere, Lagos.

End of Accounting Year: 31st December.

5-Year Financial Summary

 

Abplast Products PLC    5-Year Financial Summary    1993 - 1997
CAPITAL EMPLOYED	1997	1996	1995	1994	1993
	N'000	N'000	N'000	N'000	N'000
Fixed Assets	34,167	32,551	33,863	33,756	17,041
Net Current Assets/(Liabilities)	13,619	12,528	12,995	6,629	14,509
Capitalisation Cost	0	0	0	0	2,585
	47,786	45,079	46,858	40,385	34,135
FINANCED BY:
Share Capital/Premium	26,888	26,888	26,888	21,888	11,033
Reserve	8,398	7,877	7,403	6,388	6,348
Long Term Loan	12,500	10,314	12,567	12,109	16,784
	47,786	45,079	46,858	40,385	34,135
Turnover	51,535	38,747	47,632	20,908	13,080
Profit before Tax	2,871	774	2,841	1,560	615
Profit after Tax	2,521	474	2,541	1,290	515
Dividend	2,000	0	1,500	1,250	500
Retained Earnings	521	474	1,041	40	15
Earnings per Share (in kobo)	10.1	1.9	10.2	5.2	5.2
Dividend per 50kobo Share (in kobo)	8	0	6	5	5
Dividend Cover (Times)	1.26	0	1.69	1.03	1.03
UP