CAP Plc released its 2013 earnings showing revenues rose 15% to N4.4billion (2012 9months: N3.8billion). Gross Profit rose 10% YoY to N2.2billion despite a 5% drop in gross margins due to rising cost of sales. Operating profits rose 8% to N1.2billion with the company ending the period with a 6% rise in pre-tax profits to N1.39billion. The result shows CAP Plc ability to continue to maintain the same strong efficiency ratios as it fights off all competition for its premium products.
Quarter on Quarter results wasn’t that much difference as the company maintained a constant trajectory in earnings growth. CAP Plc has now added pre-tax profits of over N400million each in the last three quarters of this year.
CAP Plc released its 2013 9 Months results in the website of the NSE