CAP Plc reported revenues of N5.99 billion in 2020 – 3.63% increase compared to N5.78 billion in the corresponding period of 2019.

What you should know

The key highlights of its financial year 2020.

  • Revenues increased by 3.63% from N5.77 billion to N5.99 billion YoY.
  • Revenues from paint products increased to N6.05 billion, +3.69% YoY.
  • Revenues from services increased to N33.90 million, +44.11% YoY.
  • Cost of sales increased to N3.30 billion, +8.86% YoY.
  • Gross profits decreased to N2.69 billion, -2.06 YoY.
  • Operating profits decreased to N1.17 billion, -20.94% YoY.
  • Pre-tax profits decreased to N1.36 billion, -24.50% YoY.
  • Post-tax profits decreased to N927.50 million, -24.50% YoY.
  • Earnings Per Share decreased to 133 kobo, -24% YoY.
  • Total assets increased to N7.82 billion, +15.64% YoY.
  • Total liabilities increased to N4.37 billion, +3.07% YoY.
  • Total equity increased to N3.45 billion, +36.78% YoY.

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Bottom Line

CAP Plc recorded a boost in total revenue from an increase in its two revenue-generating units.

Though companies have generally recorded decreased revenues in the last three quarters, mostly due to COVID-19 – CAP Plc was able to increase its total revenues; however, pre-tax profits decreased.