![[RESULTS] CAP Pls reports 22% drop in Second Quarter Profits](https://nairametrics.com/wp-content/uploads/2015/07/Q2.png)
Chemical and Allied Paint (CAP Plc) released its 2015 second quarter results posting a pre-tax profits of N558 million.
Key highlights
- Revenue dropped QoQ by 3% to N1.75 billion
- Operating expenses also rose 30% to N417 million hurting profit in the period under review
- Pre-tax profits subsequently dropped 22% to N558million (2015 Q1: N715m)
- On a year on year basis pre-tax profits of N558 million was 11% higher than the N504 million reported a year earlier.
- See excerpts of result below
| Chemical and Allied Products | |||
| CAP PLC | Â 2015 Q2 | Â 2015 Q1 | Â %age Change |
| Â N’m | Â N’m | ||
| Income Statement | |||
| Revenue | Â Â Â Â Â Â 1,750 | Â Â Â Â Â Â 1,808 | -3% |
| Cost of sales | Â Â Â Â Â Â Â Â (853) | Â Â Â Â Â Â Â Â (833) | 2% |
| Gross Profit | Â Â Â Â Â Â Â Â Â Â 897 | Â Â Â Â Â Â Â Â Â Â 975 | -8% |
| Operational Expenses | Â Â Â Â Â Â Â Â (417) | Â Â Â Â Â Â Â Â (320) | 30% |
| Operating Profit | Â Â Â Â Â Â Â Â Â Â 481 | Â Â Â Â Â Â Â Â Â Â 655 | -27% |
| Other Income | Â Â Â Â Â Â Â Â Â Â Â Â 12 | Â Â Â Â Â Â Â Â Â Â Â Â 16 | -26% |
| Net Finance Income | Â Â Â Â Â Â Â Â Â Â Â Â 65 | Â Â Â Â Â Â Â Â Â Â Â Â 44 | 50% |
| Profit Before Tax | Â Â Â Â Â Â Â Â Â Â 558 | Â Â Â Â Â Â Â Â Â Â 715 | -22% |
| Taxation | Â Â Â Â Â Â Â Â (175) | Â Â Â Â Â Â Â Â (229) | -24% |
| Other Comprehensive Income | Â Â Â Â Â Â Â Â Â Â Â Â Â – | Â Â Â Â Â Â Â Â Â Â Â Â Â – | #DIV/0! |
| Profit after Tax | Â Â Â Â Â Â Â Â Â Â 382 | Â Â Â Â Â Â Â Â Â Â 485 | -21% |
| Indices | |||
| Eps (Kobo) | Â Â Â Â Â Â 54.50 | Â Â Â Â Â Â 69.24 | -21% |
| Outstandng Shares | Â Â Â Â Â Â Â Â Â Â 700 | Â Â Â Â Â Â Â Â Â Â 700 | 0% |
| Gross Profit Margin | 51% | 54% | -5% |
| Operating Profit Margin | 27% | 36% | -24% |
| Profit Margin | 22% | 27% | -19% |
| SGA as a %age of Gross Profit | 46% | 33% | 42% |
Year on Year
| Chemical and Allied Products | |||
| CAP PLC | Â 2015 Q1 | Â 2014 Q2 | %age Change |
| Â N’m | Â N’m | ||
| Income Statement | |||
| Revenue | Â Â Â Â Â Â 1,750 | Â Â Â Â Â Â 1,602 | 9% |
| Cost of sales | Â Â Â Â Â Â Â Â (853) | Â Â Â Â Â Â Â Â (791) | 8% |
| Gross Profit | Â Â Â Â Â Â Â Â Â Â 897 | Â Â Â Â Â Â Â Â Â Â 812 | 11% |
| Operational Expenses | Â Â Â Â Â Â Â Â (417) | Â Â Â Â Â Â Â Â (362) | 15% |
| Operating Profit | Â Â Â Â Â Â Â Â Â Â 481 | Â Â Â Â Â Â Â Â Â Â 449 | 7% |
| Other Income | Â Â Â Â Â Â Â Â Â Â Â Â 12 | Â Â Â Â Â Â Â Â Â Â Â Â 12 | 0% |
| Net Finance Income | Â Â Â Â Â Â Â Â Â Â Â Â 65 | Â Â Â Â Â Â Â Â Â Â Â Â 42 | 54% |
| Profit Before Tax | Â Â Â Â Â Â Â Â Â Â 558 | Â Â Â Â Â Â Â Â Â Â 504 | 11% |
| Taxation | Â Â Â Â Â Â Â Â (175) | Â Â Â Â Â Â Â Â (162) | 8% |
| Other Comprehensive Income | Â Â Â Â Â Â Â Â Â Â Â Â Â – | Â Â Â Â Â Â Â Â Â Â Â Â Â – | #DIV/0! |
| Profit after Tax | Â Â Â Â Â Â Â Â Â Â 382 | Â Â Â Â Â Â Â Â Â Â 342 | 12% |
| Indices | |||
| Eps (Kobo) | Â Â Â Â Â Â 54.50 | Â Â Â Â Â Â 48.86 | 19% |
| Outstandng Shares | Â Â Â Â Â Â Â Â Â Â 700 | Â Â Â Â Â Â Â Â Â Â 700 | 0% |
| Gross Profit Margin | 51% | 51% | 1% |
| Operating Profit Margin | 27% | 28% | -2% |
| Profit Margin | 22% | 21% | 2% |
| SGA as a %age of Gross Profit | 46% | 45% | 4% |
![[RESULTS] Total Nigeria Second Quarter Profits Gets a Major Lift](https://nairametrics.com/wp-content/uploads/2015/07/Lift.jpg)
