Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Opinions Blurb

[ANALYLSIS] Beta Glass Leans on Cash To Boost Profits

Nairametrics by Nairametrics
August 1, 2015
in Blurb
[RESULTS] CAP Pls reports 22% drop in Second Quarter Profits
Share on FacebookShare on TwitterShare on Linkedin

Beta Glass Plc released its 2015 Second Quarter results reporting a pre-tax profit of N808 million and N1 billion for the first half of the year.

 2015 Q2  2015 Q1  %age Change
Beta Glass Plc  N’m  N’m
Income Statement
Revenue    3,544.11     4,045.29 -12%
Cost of sales  (2,792.00)   (3,201.10) -13%
Gross Profit       752.11        844.19 -11%
Operating Expenses      (495.60)      (460.80) 8%
Operating Profit       256.51        383.39 -33%
Other Income          33.50          57.70 -42%
Foreign Exchange Gain                –                 – #DIV/0!
Net Finance Income/(Cost)       518.00        153.00 239%
Profit Before Tax       808.01        594.09 36%
Taxation      (228.60)      (168.40) 36%
Profit after Tax       579.41        425.69 36%
Tax as a %age of PBT            0.28             0.28
Indices #DIV/0!
Eps (Kobo)          69.00          85.00 -19%
Outstanding Shares       499.97        499.97 0%
Debt to Equity Ratio                –                 – #DIV/0!
Gross Profit Margin 21% 21% 2%
Operating Profit Margin 7% 9% -24%
Profit Margin 16% 11% 55%
SGA as a %age of Gross Profit 66% 55% 21%
Interest Cost as a percentage of Operating Profit -202% -40% 406%

Key highlights

  • Beta Glass Plc reported  its revenue drop 12% QoQ. This is inline with our expectation as the core market which the company caters for is experiencing a major decline in demand.
  • Beta Glass produces bottles for bottling companies and will likely make fewer bottles than it could due to weaker demand
  • Beta Glass however booked higher finance income of N518 million 239% higher than the N153 million it reported in the first quarter.
  • This helped boost profits, pushing it to N808m (Q1: N594 million)
  • Frigoglass the majority shareholder of Beta Glass Nigeria Ltd had earlier in May  agreed to sell its stake in Beta Glass Nigeria as well as its Glass making business in Dubai to aluminum can producer GZ Industries for $225 million.

Share Information

RelatedPosts

These are the four largest sectors of the Nigerian economy

Manufacturing, Banking account for the bulk of capital imports to Nigeria in August – CBN

Last Share Price (as at Blog time) : N43

1 Yr Return : 167.90%

YTD Return : 57.19%

Current P/E Ratio (TTM) : 9.00

Dividend Indicated Gross Yield: 1.44%

Related

Tags: Manufacturing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Citigroup says oil prices may crash to $65 by end of 2022 due to recession
    • Nigeria’s stock market closes bearish as market capitalization dips by N110 billion
    • IPOB disowns Peter Obi’s presidential bid, says he was never their member

    Follow us on social media:

    Recent News

    Crude oil, Oil down as China releases fuel reserves, Oil down as China releases fuel reserves

    Citigroup says oil prices may crash to $65 by end of 2022 due to recession

    July 5, 2022
    Bears market

    Nigeria’s stock market closes bearish as market capitalization dips by N110 billion

    July 5, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com