DEAP Capital records NGN463.9 million loss for 2013

The Tourist Company of Nigeria Plc

DEAP capital Management and Trust plc is reporting NGN463.9 million loss for the financial year 2013 compared to NGN221.1 million loss recorded in the year 2012.

The company’s investmemt income reduced to 7.7 million in the year 2013 in contrast to 43.6 million in the previous year while total income for the year was 151.7 million against 738.7 million in the year before.

DEAP Capital management and Trust plc said it acquired 1.2 billion worth of assets in the period in review comoared rto 1.5 billion in the year 2012 while total liabilites was increased to 4.6 billion from 4.3 billion in the year before.

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.