DEAP Capital posts NGN494.8 million profit for 2014

11 plc

After reporting huge loss for the financial year 2013, DEAP Capital management and Trust plc is reporting NGN494.8 million profit for the financial year 2014 compared to NGN428.5 million loss for the year 2013.

The company’s investment income increased to NGN877.2 million in the year 2014 compared to NGN855 million in the previous year while total income for the year was NGN883.4 million against NGN23.6 million in the year before.

DEAP Capital Management and Trust plc recorded NGN437.5 million total assets in the year in review compared to NGN860.1 million recorded in the year before while total liabilities also reduced to NGN3.0 billion against NGN4.3 billion in the year before.

Corporate information

DEAP Capital Management & Trust Plc is a Nigeria-based fund management company. The Company operates in the capital market, mortgage banking, and oil and gas sectors. Its major products include DEAP Standard, DEAP Gold, DEAP Platinum and DEAP Classic.

Its major services include fund management, portfolio management, capital market/financial advisory services and issuing house services. Its major subsidiaries include Resort Securities & Trust Limited, Resort Savings & Loans Limited and DVCF Oil & Gas PLC.