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Home Opinions Blurb

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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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.

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Tags: CAP PlcRESULTS
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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