AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2006

The Board of Associated Bus Company Plc are pleased to announce the company's audited results for the year ended December 31,2006 as follows:


 
31-Dec-06
30-Dec-05
%
     
  N'000 N'000
Change
Turnover 2,708,996 2,199,700
23
     
Profit Before Tax 265,907 199,232
34
       
Taxation (122,898) (58,694)
109
       
Profit After Tax 144,009 143,537
2
     
Total Assets 2,739,126 1,968,593
39
       
Shareholder's Interest 1,754,315 768,143
128
       
Proposed Dividend 120,560 67,200
79
       
Earnings Per 50K Share (kobo) 9.50 9.30
2
       
Dividend Per 50K Share (kobo) 8.00 4.46
79
       

Earnings and Dividend per share were based on the number of share in issue as at 31 December, 2006.

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