Earnings Forecast: Nigerian Companies Report Q1 2012 Predictions to NSE

MRS Nigeria, an indigenous downstream oil and gas marketing company has disclosed to the Nigeria Stock Exchange that it expects q1, 2012 revenue to arrive at N 25 Billion. The company also forecasts net income to arrive at N 356 Million.

The Okomu Oil Palm Company has forecasted Q1, 2012 revenue to arrive upwards of N 2.68 Billion, and net income to arrive at N 1.075 Billion.

GTAssurance, former insurance subsidiary insurance arm of GTBank has informed the NSE that it is forecasting Gross Premiums to arrive at N 5 Billion for Q1, 2012, and a net income of N 368 Million.

Airline Services and Logistics Plc has also informed the bourse that it expects Turnover to come in just a little less than a billion Naira, whilst a net loss of N 57.97 million is also expected.

DN Tyre & Rubber Plc, an indigenous manufacturing concern has also forecasted turnover of N 726 Million and a net income of N 82.8 million.

Berger Paints has forecasted a turnover of N 784 Million and a net income of N 74 million.

Cornerstone Insurance forecasts gross premiums of N 2.3 billion and a net income of N 165 million.

Portland Paints and Products forecasts revenue of N 323 Million and net income of N 32 million.

UTC Nigeria forecasts N 926 Million in revenue and N 51 Million in net income.

UAC Nigeria has forecasted a turnover of N 13.8 Billion for Q1, 2012, and PAT of N 950 Million.

UACN Property, subsidiary arm of UAC Nigeria, has forecast turnover upwards of N 2.3 Billion and net income of N 317 Million.