Par Value: 5/-
Closing Price: 11.15
Total Shares Issued: 254851988.00
Market Capitalization: 2,841,599,666
EPS: 1.27
PE: 8.780
Carbacid reports HY Earnings through 31st January 2021
HY Revenue 449.652m versus 352.912m +27%
HY Operating Profit 177.86m versus 138.716m
HY Finance Income 97.153m versus 92.750m
HY Profit before Taxation 276.710m versus 232.585m
HY Profit after Tax 201.415m versus 178.688m
HY EPS 0.83 versus 0.70
Balance 104.380m versus 663.808m
Conclusions
HY EPS +18.571% but sequentially versus preceding six months -34.64%
HY Turnover +27% but sequentially versus preceding six months -34.153%
Full Year Results through 31st July 2020
FY Turnover 682.878m versus 630.500m +8%
FY Operating Profit 424.211m versus 400.269m
FY Other Income 230.759m versus 203.666m
Revaluation of Equity Investments [38.850m] versus [54.938m]
FY Profit Before Taxation 324.654m versus 264.589m
FY EPS 1.27 versus 1.04
Final Dividend 70cents a share
Conclusions
very decent results a Dividend Yield of 8.215%
Carbacid Investments PLC HY 2020 results through 31st January 2020 vs. 31st January 2019
HY Turnover 352.912m vs. 304.851m +15.765%
HY Cost of sales [173.081m] vs. [141.790m] +22.069%
HY Gross profit 179.831m vs. 163.061m +10.284%
HY Other operating income 20.634m vs. 18.751m +10.042%
HY Administrative expenses [61.749m] vs. [59.927m] +3.040%
HY Operating profit 138.716m vs. 121.885 +13.809%
HY Finance income 92.750m vs. 79.766m +16.278%
HY FX Differences [1.992m] vs. 0.222m -997.297%
HY Adjustment on revaluation of equity investments 3.111m vs. [48.003m] +106.481%
HY PBT 232.585m vs. 153.870m +51.157%
HY PAT 178.688m vs. 105.319m +69.664%
Interim dividend/ share
EPS 0.70 vs. 0.41 +70.732%
Total Assets 3.664316b vs. 3.311627b +10.650%
Cash and cash equivalents at the end of the period (maturing in less than 3 months) 663.808m vs. 484.987m +36.871%
Carbacid Investments PLC FY 2019 results through 31st July 2019 vs. 31st July 2018
Carbacid Investments PLC FY 2019 results through 31st July 2019 vs. 31st July 2018
FY Turnover 630.500m vs. 565.508m +11.493%
FY Operating profit 400.269m vs. 359.216m +11.428%
FY Other income 203.666m vs. 196.747m+3.517%
FY Gain on disposal of financial assets vs. 0.470m
FY Fair value gain on investment property 4.600m vs. 12.200m -62.295%
FY Impairment loss [0.027m] vs. [3.970m] -99.320%
FY Revaluation of equity investments [54.938m] vs. [9.814m] -459.792%
FY PBT 377.153m vs. 378.938m -0.471%
FY Net Profit After Tax 264.589m vs. 298.526m -11.368%
Dividend per share 0.70 vs. 0.70
Basic and diluted EPS 1.04 vs. 1.17 -11.111%
Total net assets 3.335544b vs. 3.258230b +2.373%
Share capital and reserves 3.127492b vs. 3.044214b +2.736%
Cash and cash equivalents 220.036m vs. 42.816m +413.911%
Results for the year ended
Turnover increased by 11% while operational and administrative costs are being controlled. However, the Group was negatively impacted by an unrealized loss on equity holdings in listed companies of Kshs 55 million. Profit after taxation attributable to shareholders reduced by 12% to Shs 262 million (2018: Shs 298 million) resulting in an Earnings per Share of Shs 1.03 (2017: Shs 1.17). Net cash generation from operating activities remains healthy at Shs 411 million (2018: Shs 296 million).
Final Dividend
The Directors have resolved to recommend to shareholders at the Annual General Meeting to be held on Thursday, 5th December 2019 that a FINAL DIVIDEND of Shs 0.70 per share on the Issued Share Capital be declared payable to those registered at the close of business on 6th November 2019. The total dividend will amount to Shs 178,396,390/ (2017: Shs 178,396,390/).
Closure of register
Notice is hereby given that the Register of Members will be closed on 6th November 2019 for the purpose of preparation of a dividend list. Documents for registration, which should be received by 4.30 p.m. on 6th November 2019, may be hand delivered or posted to the Registered Office at the following address
CARBACID INVESTMENTS plc
AUDITED GROUP RESULTS FOR THE YEAR ENDED 31ST JULY 2019
Summarised consolidated statement of cash flows for the year ended 31st July 2019
Summarised consolidated income statement
ALN House, Eldama Ravine Close, off Eldama Ravine Road, Westlands, P O Box 764, Nairobi, Sarit Centre, 00606.
Carbacid Investments PLC HY 2019 results through 31st January 2019 vs. 31st January 2018
HY Turnover 304.851m vs. 301.566m +1.089%
HY Cost of sales [141.790m] vs. [132.586m] +6.942%
HY Gross profit 163.061m vs. 168.980m -3.503%
HY Other operating income 18.751m vs. 15.321m +22.388%
HY Administrative expenses [59.927m] vs. [48.828m] +22.731%
HY Operating profit 121.885 vs. 135.473m -10.030%
HY Finance income 79.766m vs. 76.155m +4.742%
HY Adjustment on revaluation of equity investments [48.003m] vs. 6.108m -885.904%
HY PBT 153.870m vs. 217.890m -29.382%
HY PAT 105.319m vs. 164.983m -36.164%
Interim dividend/ share
EPS 0.41 vs. 0.65 -36.923%
Total Assets 3.311627b vs. 3.270359b +1.262%
Share capital and reserves 2.971137b vs. 2.910671b +2.077%
Cash and cash equivalents at the end of the period (maturing in less than 3 months) 484.987m vs. 684.404m -29.137%
Results for the six months ended 31st January 2019
Turnover for the first 6 months of the year increased by 1% compared to the same period last year. Operating profit however reduced by 10% compared to the corresponding period in the previous year due to increasing operating costs that are influenced by external drivers. Mining Royalties and County Government demands continue to put more pressure on operations and margins. The Group continues to look for new markets and process improvement opportunities.
Group profit after tax has been impacted by a substantial drop in the value of investments in equities in the Nairobi Securities Exchange (NSE) and Dar es Salaam (DSE) Stock Exchange, by Shs 48 million. This compares to a gain of Shs 6 million in the same period last year. The NSE and DSE indices lost 15% of their respective values over the 6 month period, and it is not certain that the markets will rebound sufficiently to recoup the drop in investment values by 31st July 2019. As a result, the full year results are expected to be lower than prior year. The Board will continue to apply strategies to ensure best performance under the circumstances.
Dividend
As has been the practice in the past few years a final dividend will be considered based on full year results.
Profit warning
Carbacid Investments Plc (the Company) makes this announcement pursuant to Regulation G.05 (1) (f) and (2) of the Nairobi Securities Exchange Listing Manual and the Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations,2002.
Based on the Companys unaudited financial results for the first six months ended 31st January 2019 and the Companys second half forecast particularly as regards the investment portfolio, profit for the full year is projected to be at least 25% lower than the previous financial year.
FY Revenue 753.164m vs. 757.051m -0.513%
FY Gross profit 546.872m vs. 560.319m -2.400%
FY Other income 9.561m vs. 15.537m -38.463%
FY Fair value [Loss]/ gain on equity investments [9.814m] vs. 11.115m -188.295%
FY Fair value gain on investment property 12.200m vs. 25.000m -51.200%
FY Impairment loss [3.970m] vs. [2.816m] +40.980%
FY Administrative expenses [175.911m] vs. [155.315m]
FY PBT 378.938m vs. 456.656m -17.019%
FY Profit for the year attributable to shareholders 298.526m vs. 352.300m -15.264%
Dividend per share 0.70 vs. 0.70
Basic and diluted EPS 1.17 vs. 1.38 -15.217%
Commentary
This was a challenging year with increased competition and market challenges. While turnover reduced marginally, increasing operational and administrative costs reduced profit attributable to shareholders. Net cash generation from operating activities remains healthy at 296m shillings (2017 327m) Profit after taxation attributable to shareholders reduced by 15% to 298m shillings (2017 352m shillings), impacted by revaluation of investment properties of 12m shillings (2017 25m shillings) and fair value loss on equity investments of 10m shillings (2017 gain of 11m shillings). This resulted in earnings per share of 1.17 (2017 1.38)
Carbacid Investments PLC HY 2018 results through 31st January 2018 vs. 31st January 2017
HY Turnover 301.566m vs. 322.237m -6.415%
HY Cost of sales [132.585m] vs. [117.648m] +12.696%
HY Gross profit 168.981m vs. 204.589m -17.405%
HY Other operating income 15.321m vs. 15.448m -0.822%
HY Administrative expenses [48.829m] vs. [40.585m] +20.313%
HY Operating profit 135.473m vs. 179.452m -24.507%
HY Finance income 76.155m vs. 75.230m +1.230%
HY FX differences 0.154m vs. 0.848m -81.840%
HY Adjustment on revaluation of equity investments 6.108m vs. [36.371m] +116.794%
HY PBT 217.890m vs. 219.159m -0.579%
HY PAT 164.983m vs. 164.369m +0.374%
Interim dividend share
EPS 0.65 vs. 0.64 +1.563%
Total Assets 3.270359b vs. 3.019241b +8.317%
Share capital and reserves 2.910671b vs. 2.660171b +9.417%
Cash and cash equivalents at the end of the period (maturing in less than 3 months) 684.403m vs. 605.165m +13.094%
Company Commentary
Turnover for the first 6 months of the year reduced by 6% compared to the same period last year due to lower demand in local markets.
Regulatory changes arising from mining royalties and county Governments demands and expectations continue to pose new challenges to businesses and operations.
No interim Dividend
Conclusions
In Line wit the previous years HY Earnings
FY Turnover 589.380m vs. 831.761m -29.141%
FY Gross profit 392.648m vs. 532.806m -26.306%
FY Other income 36.589m vs. 40.805m -10.332%
FY Administrative expenses [155.315m] vs. [173.511m] -10.487%
FY Operating profit 273.922m vs. 400.100m -31.537%
FY Finance and other income 146.619m vs. 178.768m -17.984%
FY Fair value [Loss]/ gain on equity investments 11.115m vs. [31.120m] +135.717%
FY Fair value gain on revaluation of investment property 25.000m vs.
FY PBT 456.656m vs. 547.748m -16.630%
FY Profit for the year attributable to shareholders 352.300m vs. 375.568m -6.195%
FY Total comprehensive income for the year 428.282m vs. 375.568m +14.036%
Basic and diluted EPS 1.38 vs. 1.47 -6.122%
Dividend per share 0.70 vs. 0.70
Company Commentary
A challenging year with increased competition and market challenges.
Conclusions
Big Turnover downshift of -29.141%
H1 Turnover 322.237m vs. 466.522m -30.928%
H1 Operating profit 179.451m vs. 242.767m -26.081%
H1 Finance income (net) 75.230m vs. 88.534m -15.027%
H1 Revaluation of equity investment [36.371m] vs. [7.521m] -383.593%
H1 Profit before taxation 219.158m vs. 322.569m -32.059%
H1 Net profit after tax 164.368m vs. 238.701m -31.141%
EPS 0.64 vs. 0.94 -31.915%
Total net assets 2.900109b vs. 2.781906b +4.249%
Cash and cash equivalents at 31st January 605.165m vs. 744.089m -18.670%
No interim dividend
Number of shares 254,851,988
Company Commentary
H1 Turnover -31% lower demand in local and export markets
Operating profit decreased by 26%
Pre-tax profits were down 32% yy to KES 219m partly also impacted by 383% increase in loss on revaluation of equity investments in the period.
No interim dividend was proposed.
Conclusions
Need to know what shares they are holding
Carbacid Investments Limited FY 2015 16 Results through 31st July 2016 vs. 31st July 2015
FY Turnover 831.761m vs. 809.719m +2.722%
FY Gross profit 532.806m vs. 533.246m -0.083%
FY Administrative expenses [173.511m] vs. [168.475m] +2.989%
FY Operating profit 359.295m vs. 364.771m -1.501%
FY Finance and other income 219.573m vs. 169.046m +29.889%
FY Fair value [loss] gain on equity investments [31.120m] vs. 14.150m -319.929%
FY Profit before taxation 547.748m vs. 580.467m -5.637%
FY Profit for the year attributable to shareholders 375.568m vs. 393.863m -4.645%
Final dividend 0.70 vs. 0.70
EPS Basic and diluted 1.47 vs. 1.55 -5.161%
Company Commentary
unrealised loss on equity investments of 31m [versus Gain of 14m FY15]
In 2015 there was a gain on revaluation of investment property of 32m
operating profit declined by only 1.5%
Dividend 70cents a share
Conclusions
resilient results especially when you consider they were lapping some FY Gains in FY15
H1 Turnover 242.767m vs. 215.976m +12.405%
H1 Finance income net 88.534m vs. 53.909m
H1 Foreign exchange differences [1.211m] vs. 1.633m +174.158%
H1 Revaluation of equity investments [7.521m] vs. 27.399m
H1 Profit before taxation 322.569m vs. 298.917m +7.913%
H1 Net profit after tax 238.701m vs. 221.200m +7.912%
EPS 0.94 vs. 0.87 +8.046%
Total net assets 2.781906b vs. 2.522150b +10.299%
Balance at 31st January 744.089m vs. 691.095m +7.668%
Interim Dividend
Company Commentary
Turnover for the first 6 months increased +14% due to higher demand in local and export markets.
Revaluation of Equity Investments -7.521m versus +27.399m
FY Turnover 809.719m vs. 826.360m -2.01%
FY Gross profit 533.246m vs. 533.814m -0.11%
FY Administrative expenses [168.475m] vs. [158.601m] +6.23%
FY Finance and other income 169.046m vs. 120.949m +39.77%
FY Fair value gain on equity investment 14.150m vs. 73.600m -80.77%
FY Gain on revaluation on investment property 32.500m vs. 27.500m +18.18%
FY Profit before tax 580.467m vs. 597.262m -2.81%
FY Revaluation deficit, net of deferred tax thereon [FY Total comprehensive income for the year 393.316m vs. 439.592m -10.53%
FY Final dividend proposed per share 0.70 vs. 0.30 +133.33%
EPS 1.55 vs. 1.93 -19.69%
Commentary
The Tax Charge is thus effectively 32% of Profit before Tax [2014 18% of PBT]
Conclusions
Single digit PE.
Local carbon dioxide company.
Full Year Earnings through 31st July 2014 versus through 31st July 2013
Full Year Turnover 826.360m versus 952.836m -10.439%
Full Year Gross Profit 479.664m versus 579.975m -17.295%
FY Administrative expenses [104.451m] versus [119.709m] -12.745%
FY Finance and Other Income 120.949m versus 118.774m
Fair Value Gain on Equity investments 73.600m versus 55.646m
Fair Value Gain on revaluation of investment property 27.5m versus 0
Full Year Profit before Taxation 597.262m versus 634.686m -5.896%
Full Year Profit after Tax 490.641m versus 475.541m +3.175%
Full Year Earnings Per share 1.93
Final Dividend 0.30 a share 0.40 Interim 0.70
H1 Earnings through 31st January 2014 versus 6 months through 31st January 2013
H1 Turnover 473.761m versus 546.713m -13.343%
H1 Cost of Sales [180.436m] versus [222.197m]
H1 Gross Profit 293.325m versus 324.516m .9.611%
H1 Admin Expenses [46.017m] versus [54.315m]
H1 Operating Profit 259.413m versus 282.304m
H1 Finance Income 39.509m 47.968m
H1 PBT 317.787m versus 358.464m -11.3475%
H1 PAT 235.162m versus 264.231m -11.001%
Proposed Dividend per share 0.40 versus 0.60 [restated]
H1 EPS 0.92 versus 1.55 -40.645%
Company Commentary
The Exceptional Demand experienced last year in the southern Africa market for Carbon Dioxide has eased
Conclusions
Softer than I for one expected. Its probably a little richly priced right now.
FY Earnings through 31st July 2013
FY Turnover 952.836m versus 921.753m +3.372%
FY Profit Before Tax 634.686m versus 535.444m +18.534%
FY PAT 475.541m versus 389.287m +22.15%
Final Dividend 3 shillings a share Total FY PayOut 6.00 a share and unchanged
FY Earnings Per Share 13.99 versus 11.46 +22.076%
Company Commentary
Proposing an increase of the Authorised Share Capital to 1,000,000,000
A Bonus of 1 share for every 2 held
A Subdivision of each share of 5 into 5 of 1 each.
Conclusions
Its an inexpensive share on a PE of 10.36.
6 Months through 31st Jan 2013 versus 31st January 2012
Turnover 546.713m versus 473.658m
Operating Profit 282.304m versus 260.597m +8.00%
Finance Income Net 47.968m 23.579m
Revaluation of Equity Investments 27.295m versus [17.379]
H1 PBT 358.464m versus 257.232m +39.00%
H1 PAT 264.231m versus 174.832m +51%
H1 EPS 7.78 versus 5.15
Interim Dividend 3 a share
Company Commentary
Increase in Turnover achieved by improved Sales locally and penetrating export markets
Conclusions
Finance Income and Equity Gains sweetened the H1 Numbers.
FY 2012 Earnings versus FY 2011
Turnover 921.753m versus 576.092m +60.001%
FY Profit Before Tax 535.444m versus 374.210m +43.0865%
FY Profit After Tax 389.287M versus 302.195m +28.819801%
Interim Dividend was 3.00 versus 2.00 +50%
Final Dividend 3.00 versus 3.00 Unchanged
Total Dividend 6.00 versus 5.00 +20%
FY Earnings Per Share 11.46 versus 8.89 +28.90888%
Conclusions
Stronger Year. The Company has not attached a Commentary.
H1 2011 versus H1 2010
Turnover 473.658m versus 290.615m +63%
Profit Before Tax 257.232m versus 191.905m +34%
PAT 174.832m versus 136.905m
EPS 5.15 versus 4.03
Interim Dividend 3 Shillings Per Share
Conclusions
Company citing the Penetration of New Export Markets as having been
the Keny driver.
Swot Analysis FY to July 2011 versus to July 2010
Turnover 576.092m 620.083m
PBT 374.21m versus 438.041m
PAT 302.195m versus 307.392m
Final Dividend 3.00 per share Interim was 2.00.
EPS 8.89 versus 9.05
Full Year to July 2010 versus Full Year to July 2009
Turnover 620.083m versus 552.853m
PAT 307.392m versus 256.377m
Full Year Total Dividend 5.00 versus 10.00 last time
EPS 9.05 versus 7.54 last time
Conclusions
Very similar Earnings to the Year Before. Carbacid
Centum exited their 20% Position in May this Year. |
