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uac, eti POST RESULTS, DECLARE INTERIM DIVIDEND
August 10, 2007

Ecobank Transnational Incorporated (ETI) and uacn have posted results and promised to pay their shareholders, cash dividend of N0.50 each following impressive third quarter results just released.

A breakdown of the results showed that ETI, the mother body of Ecobank Nigeria , recorded quite an appreciable performance for he third quarter ended September 20, 2007.

Similarly, uacn's Unaudited results for he third quarter ended September 30, 2007 showed turnover of N 22 billion as against N 20.95 billion in 2006. Profit after tax and exceptional items and minority interest stood at N 1.82 billion compared to N 1.3 billion posted in corresponding period of 2006.

This represents 5% growth in turnover and 40% increase in profitability, the directors are also recommending interim dividend of N0.05 to be paid to shareholders on December 3, 2007, while the date for he closure of register will be on November 20, 2007.

Culled from Leadership, Monday, 29th October, 3007
Leadership (Capital Market), Page 34.