Wed01172018

Last updateMon, 07 Jul 2014 9am

Back You are here: Home Business Stock Analysis

AS the fiscal year 2012 drew to a close to usher in 2013, 7up Bottling Company PLC had one harsh reality to do battle with: It is getting harder to go up. That is, if the figures for the half year to September 2012 were anything to go by.

Agreed, half figures in 2012 full financial year for 7up Bottling did indicate quite clearly that more money and profit was made in the second half, not in the first six months. However, it was also obvious from the same 2012 figures that not only income were generated more in the second half of the year but also, major cost heads were incurred more too. In other words, the microcosm that was the first six months was more or less, representative of the macrocosm called full year.

AS the fiscal year 2012 drew to a close to usher in 2013, 7up Bottling Company PLC had one harsh reality to do battle with: It is getting harder to go up. That is, if the figures for the half year to September 2012 were anything to go by.

Agreed, half figures in 2012 full financial year for 7up Bottling did indicate quite clearly that more money and profit was made in the second half, not in the first six months. However, it was also obvious from the same 2012 figures that not only income were generated more in the second half of the year but also, major cost heads were incurred more too. In other words, the microcosm that was the first six months was more or less, representative of the macrocosm called full year.

IF all goes well with Paints & Coatings Manufacturers Nigeria PLc as it did in the first nine months of the current year, then come December, it stands to reap from management good grip on costs.  That is, if the figures for the nine months to September are anything to go by in the last three months.

According to the figures released recently to the Nigerian stock exchange, cost of sales not only grew in step with revenue from core business, more importantly, the increase in overhead costs was well under control. In addition a higher rise in income from other sources added its own icing to the cake. In the end, from a 38.6 per cent increase in total income, the company recorded 104.2 per cent growth in profit before tax.

The company's total income closed the first nine months at N1808.6m compared to N1305.2m earlier. Revenue from core business rose by 38.5per cent to N1798m from N1298m while income from other sources increased by 48.3 per cent from N7.15m to N10.6m.

 

SCOOP even a little salt and lick it, no one will tell the taste may be too sharp. But then, put an adequate quantity in your cooking pot and something more pleasant makes you want to lick your lips. Just like National Salt Company of Nigeria PLC should be making its shareholders feel this financial year.

Or so, the figures for the nine months to September 2012 released recently indicate quite clearly. According to the figures, the company has improved greatly not only on its performance by the same time in 2011 but also, on full year figures notably as indicated by the closing bottom line.

By September 2011, National salt Company has closed with 27.3 per cent profit margin. Three months after, it got even more solid at 31.6 per cent and now, come September2012, it has risen to 32.1 per cent.

IN the financial year to March 31, 2012, Poly Products PLC operated far more efficiently than it did in the previous year but unfortunately, this did not show in the company's bottom line. This was principally because the direct cost of producing its products increased faster than the increase recorded in turnover in addition to pressure from cost of funds.

According to figures for the year released to the stock market recently,  Poly Products recorded double digit growth in core business at 13.9 per cent from N2242m to N2554m. This was even boosted greatly by 116 per cent rise in income from other sources reported. The income from other sources closed the year at N60.7m compared to N28.1m in 2011 financial year.

Social Menu

Wrapper