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Earnings Report 2013 9 Months: CAP Plc Unfazed By Competition As it Post N1.4billion In Pre-tax profits

Nairametrics by Nairametrics
October 24, 2013
in Blurb
Earnings Report 2013 9 Months: CAP Plc Unfazed By Competition As it Post N1.4billion In Pre-tax profits
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CAP Plc 9 months

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.

QoQ

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Bolarin Okunowo appointed as new MD/CEO of CAP Plc, as David Wright retires

CAPL 3 Quarters

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

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