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Home Opinions Blurb

Aluminium Extrusion Post 2012 FY PAT Of N45million, Propose 5kobo Per Share Dividend

Ugodre Obi-chukwu by Ugodre Obi-chukwu
May 25, 2013
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Aluminium Extrusion Industries Ltd released its 2012 Results with revenues remaining nearly flat at N1.72billion.Operating profit at the end of the period was N102million as cost of sales sliced 88% of revenue. The company’s profit after tax at the end of the period was N45million representing a profit margin of just 3%. It is important to note that the company gained an additional revenue of N353million from sale of fixed assets taking its total comprehensive income to N310million after adjusting for deferred tax.

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Overall the result is poor in my view.

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Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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World Economic Forum founder, Klaus Schwab, accused of manipulating global rankings – Report  

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