Chemical and Allied Products Plc grows Revenue by 9.65% to ₦8.41 billion in 2019

Must Read

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...
- Advertisement -

Chemical and Allied Products Plc (a subsidiary of UACN), involved in the manufacturing and sales of paint released its Full year 2019 Earnings Result to the investing public on Tuesday, 28th of January 2020.

According to the result, the company grew its Full Year’19 Revenue by 9.65% to ₦8.41 billion from ₦7.67 billion in FY’18, on the back of an increase in sales of paint products and services (its flagship revenue source) over the period.

Chemical and Allied Products Plc grows Revenue by 9.65% to ₦8.41 billion in 2019 - Brand Spur

Also, the company experienced a 36.14% growth in its Net Finance Income to ₦425.63 million (from ₦312.63 million in 2018) following an increase in Interest Income from Short-Term Bank Deposit, Finance Lease Asset, and a 94.06% decline in Finance Cost.

- Advertisement -

Chemical and Allied Products Plc grows Revenue by 9.65% to ₦8.41 billion in 2019 - Brand Spur

However, the company saw a significant increase in key expenditure line items such as Cost of Sales, Selling and Distribution expenses, and Administrative expenses which grew by 9.99%, 122.55% and 17.59% respectively to ₦4.43 billion, ₦584.24 million, and ₦1.35 billion compared to ₦4.03 billion, ₦262.52 million and ₦1.15 billion in 2018. This increase in expenses resulted to a decline in both the company’s Profit Before Tax (PBT) and Profit After Tax (PAT) by 2.01% and 12.19% to ₦2.55 billion and ₦1.78 billion respectively relative to FY’18.

Read Also:  Mondelēz first-quarter results boosted by emerging markets

Chemical and Allied Products Plc grows Revenue by 9.65% to ₦8.41 billion in 2019 - Brand Spur

Resultantly, Investors earning’s indicator (Earnings per Share) decline by12.19% to ₦2.55 in FY’19 compare to ₦2.90 in the corresponding period of 2018.

- Advertisement -

Conclusively, the last five years Dividend-to-EPS ratio of CAP Plc stood at an average of 0.97:1 (or 97%). This implies that if tradition is maintained, investors of CAP are likely to get a dividend per share payout of around ₦2.40 for FY’19, which translates to a dividend yield of 8.7% given its current share price of ₦27.5 as of Tuesday 28th January 2020.

GTI Research

- Advertisement -
Chemical and Allied Products Plc grows Revenue by 9.65% to ₦8.41 billion in 2019 - Brand SpurChemical and Allied Products Plc grows Revenue by 9.65% to ₦8.41 billion in 2019 - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  Dulux Names ‘Steel Symphony 2’ Colour of the Year

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Chemical and Allied Products Plc grows Revenue by 9.65% to ₦8.41 billion in 2019 - Brand SpurChemical and Allied Products Plc grows Revenue by 9.65% to ₦8.41 billion in 2019 - Brand Spur

Latest News

Lagos Ready To Deliver 4th Mainland Bridge – Sanwo-Olu (Photos)

A major step towards the realisation of the 4th Mainland Bridge was today, taken by the State Government with...

FrieslandCampina WAMCO completes purchase of Nutricima’s dairy business.

The acquisition provides FrieslandCampina WAMCO with additional production capacity to meet the growing demand for locally produced evaporated milk and powder milk. In addition,...

GTBank Fashion Weekend Returns for the 5th Year, Holds Nov. 14 – 15, Call for Exhibitors Now Open

Foremost financial institution Guaranty Trust Bank Plc has confirmed that the 5th edition of Africa’s premier fashion event, the GTBank Fashion Weekend, will hold...

Corporates Endorse Nigeria Business League for Youth

Lagos, Nigeria. Thursday, September 29, 2020: The Chief Executive Officers (CEOs) of Nigerian Bottling Company Ltd, Matthieu Seguin; Nigerian Breweries, Jordi Borrut Bel; Cadbury Nigeria...

Kimberly-Clark Nigeria signs exclusive deal with MCPL to reach more consumers.

September 29, Lagos, Nigeria - Kimberly-Clark Nigeria, manufacturer of well-known brands Huggies® and Kotex® has embarked on a new partnership with Multipro Consumer Products...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Chemical and Allied Products Plc grows Revenue by 9.65% to ₦8.41 billion in 2019 - Brand SpurChemical and Allied Products Plc grows Revenue by 9.65% to ₦8.41 billion in 2019 - Brand Spur