A few weeks ago FTN Cocoa announced that an American company had invested in it. The share price rose 20% the next day. At the time the company had not released its earnings for 2014. It finally did today and it’s not so pleasing to the eye. Here is an excerpt of the results. The share price is currently flat at 52kobo.
|Cost of Sale||-200||-99||-299|
|Other Operating Income||27.8||0.2||28|
|Profit Before Tax||-90.4||-161.2||-251.6|
|Profit after Tax||-90.4||-161.2||-251.6|