Transcorp released its 2015 H1 results showing profits to shareholders dropped 45% year on year. Earnings per share also dropped 45% to 6.13kobo. See details

Transcorp Plc
Group 2015 H1 2014 H1 %age Change
N’m N’m
Income Statement
Revenue 20,253 21,212 -4.52%
Cost of sales (8,045) (6,249) 28.74%
Gross Profit 12,209 14,963 -18.41%
Operating Expenses (5,562) (5,145) 8.11%
Operating Profit    6,646    9,818 -32.31%
Other Income        944        (65) -1554.55%
Net Finance (2,427) (1,738) 39.67%
Profit Before Tax    5,163    8,016 -35.59%
Taxation      (879) (1,128) -22.08%
Profit after Tax    4,284    6,888 -37.80%
Profit to shareholders    2,372    4,377 -45.81%
Tax as a %age of PBT 17.0% 14.1%
Parent profit to total profits 55.4% 63.5%
Balance Sheet 2015 H1 2014 FY %age Change
Overdraft & Short-term loans            20,768            10,639 95.20%
Long Term Loans            32,241            37,139 -13.19%
Inventories              3,761              1,682 123.55%
Trade & Other Receivables            28,643            27,938 2.52%
Trade & Other Creditors            13,007            13,769 -5.54%
Working Capital                (149)              3,744 -103.97%
Total Assets        177,025        170,755 3.67%
Net Asset of Parent            56,555            56,506 0.09%
Net Assets            91,716            89,755 2.18%
Retained Earnings            30,119            30,070 0.16%
Cash & Cash Equivalents              5,339              2,931 82.20%
Cash flow from operations              4,031              7,731 -47.86%
Net Cash Spent on Investments            (2,714)          (10,767) -74.79%
Indices
Group EPS (Kobo)                6.13              11.30 -45.75%
Total Outstanding Shares        38,721.00        38,721.00 0.00%
Net Asset Per Share                2.37                2.32 2.18%
Debt to Equity 0.58 0.53 8.58%
Gross Profit Margin 60.3% 70.5% -14.55%
Operating Profit Margin 32.8% 46.3% -29.10%
Profit Margin 21.2% 32.5% -34.85%
SGA as a %age of Gross Profit 45.6% 34.4% 32.50%
Interest Cost as a percentage of Operating Profit 36.5% 17.7% 106.33%
Asset Turnover % 11.6%
Return on Equity Parent 4.2%
Return on Equity Group 4.7%
Return on Asset 3.8%
ROA Factor 0.35
Net Asset Turnover                0.22

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