Nairobi Business Ventures Limited
http://www.kshoe.co.ke
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Par Value:
Closing Price: 5.94
Total Shares Issued: 23600000.00
Market Capitalization: 140,184,000
EPS: 1.395
PE: 4.258
Nairobi Business Ventures reports FY Earnings through 31st March 2021
FY Revenue 45.381014m
FY Cost of Sales [41.814014m]
FY Gross Profit 3.567m
FY Other Income 41.746759m versus [18.008729m]
FY Administrative expenses [12.279556m] versus [21.184878m]
FY Profit [Loss] after Tax 32.940384m versus [39.448260m]
FY Cash and Cash Equivalents 21.036982m versus [18.473155m]
Commentary
Delta International FZE acquired a majority shareholding
Nairobi Business Ventures Plc Audited Financial Statements for the Year Ended 31 Mar2021. @tradingroomke
https://twitter.com/tradingroomke/status/1432547233111674881?s=20
FY Revenue 13.270065m vs. 18.153863m -26.902%
FY Cost of sales [6.317517m] vs. [7.395838m] -14.580%
FY Gross profit 6.952548m vs. 10.758025m -5.994%
FY Other operating losses [21.506476m] vs. [55.069340m] -60.947%
FY Administrative expenses [5.571861m] vs. [8.596099m] -35.182%
FY Other operating expenses [11.593987m] vs. [22.410171m] -48.265%
FY Operating profit [31.719776m] vs. [75.317585m] -57.885%
FY Finance costs [3.007131m] vs. [1.218229m] -146.844%
FY Loss before tax [34.726907m] vs. [76.535814m] -54.627%
FY Loss for the year [34.726907m] vs. [76.535814m] -54.627%
Loss per share [0.90] vs. [1.98] -54.545%
FY Shareholders Funds [36.267135m] vs. [31.540228m] +14.987%
Cash and cash equivalents at end of year [18.217978m] vs. [14.515802m] +25.504%
Nairobi Business Ventures H1 2019 results through 30th September 2018 vs. 30th September 2017
H1 Revenue 8.493438m vs. 8.007940m +6.063%
H1 Cost of sales [4.126719m] vs. [3.504367m] +17.759%
H1 Gross profit 4.366719m vs. 4.503573m -3.039%
H1 Administrative expenses [3.925580m] vs. [5.160316m] -23.928%
H1 Other operating expenses [7.427918m] vs. [13.729434m] -45.898%
H1 Operating profit [6.986779m] vs. [14.386177m] -51.434%
H1 Finance costs [2.550170m] vs. [0.517057m] -393.209%
H1 Profit before tax [9.536949m] vs. [14.903234m] -36.008%
H1 Profit for the period/ year [9.536949m] vs0 [14.903234m] -36.008%
H1 Profit/ [Loss] per share [0.40] vs. [0.63] -36.508%
Shareholders funds [42.198568m] vs. 30.092353m -240.230%
Cash and cash equivalents at the end of the period/ year [17.378841m] vs. [20.303760m] -14.406%
Nairobi Business Ventures H1 2018 results through 30th September 2017 vs. 30th September 2016
H1 Revenue 8.007940m vs. 34.663639m -76.898%
H1 Cost of sales [3.504367m] vs. [13.483245m] -74.009%
H1 Gross profit 4.503573m vs. 21.180394m -78.737%
H1 Administrative expenses [5.160316m] vs. [3.617007m] +42.668%
H1 Other operating expenses [13.729434m] vs. [12.888750m] +6.523%
H1 Operating profit [14.386177m] vs. 4.674637m -407.750%
H1 Finance costs [0.517057m] vs. [3.189189m] -83.787%
H1 Profit before tax [14.386177m] vs. 1.485448m -1,103.282%
H1 Profit for the period/ year [14.903234m] vs. 1.039813m -1,533.261%
H1 Profit/ [Loss] per share [0.63] vs. 0.04 -1,675.000%
Shareholders funds 30.092353m vs. 78.883416m -61.852%
Cash and cash equivalents at the end of the period/ year [20.303760m] vs. [14.297868m] -42.006%
Company Commentary [extraordinarily illiterate]
The period under review was turbulent one for NBV alongside many others in retail and fashion sector in Kenya.
NBV continued making losses due to very low sales turnover coupled with working capital shortage, banks credit seize, economic slowdown, low purchasing power many due to uncertainty in political situation and ongoing election disputes during the period.
NBV management has taken steps to support working capital needs of the company by way of providing shareholder loans as a short term measure and exploring possibilities of raising long term capital to support the revival of company's performance as well as continued planned expansion of the Company.
Conclusions
These results speak for themselves. They are dreadful as is the company commentary which is littered with spelling mistakes.
FY Revenue 46.800397m vs. 85.107960m -45.011%
FY Cost of sales [33.008799m] vs. [31.440475m] +4.988%
FY Gross profit 13.791597m vs. 53.667485m -74.302%
FY Administrative expenses [14.083602m] vs. [10.538366m] +33.641%
FY Other operating expenses [28.106940m] vs. [25.613486m] +9.735%
FY Operating profit [28.398945m] vs. 17.515633m -262.135%
FY Finance costs [4.449071m] vs. [11.196876m] -60.265%
FY Profit/ [Loss] before tax [32.848016m] vs. 6.318757m -619.849%
FY Profit/ [Loss] for the year [32.848016m] vs. 4.423130m -842.642%
Share Capital 23.600m vs. 18.000m +31.111%
Share premium 22.400m vs.
Retained earnings [16.806747m] vs. 16.041269m -204.772%
Shareholders funds 44.995587m vs. 49.843603m -9.726%
Cash and cash equivalents at the end of the period year [21.012563m] vs. [20.886734m] -0.602%
Going Concern
In considering the Going Concern basis used for preparing the financial statements, the directors have considered the financial position and performance of the company in the latest period presented as well as its prospects for a period of not less than 12 months from the date of issue of the information memorandum. For the year ended to 31st Marc 2017, the company generated a loss of 32.8m used cash of 26m in operations and had a net current asset position of 68m
The Directors are of the opinion that the company is well placed to continue in business for the foreseeable future and as a result of the financial statements are prepared on a going concern basis.
Conclusions
Is it a Going Concern?
Nairobi Business Ventures H1 2016 17 report through 30th September 2016 vs 30th September 2015
H1 Revenue 34.663639m vs. 32.157546m +7.793%
H1 Cost of sales [13.483245m] vs. [12.628772m] +6.766%
H1 Gross profit 21.180394m vs. 19.528774m +8.457%
H1 Administrative expenses [3.617007m] vs. [3.405158m] +6.221%
H1 Other operating expenses [12.888750m] vs. [9.853919m] +30.798%
H1 Operating profit 4.674637m vs. 6.269697m -25.441%
H1 Finance costs [3.189189m] vs. [4.866350m] -34.464%
H1 Profit before tax 1.485448m vs. 1.403347m +5.850%
H1 Profit for the period 1.039813m vs. 0.982343m +5.850%
Shareholders funds 78.883416m vs. 46.402816m +69.997%
Non current liabilities Borrowings 65.541703m vs. 24.131694m +171.600%
Cash and cash equivalents [14.297868m] vs. [55.641066m] +74.303%
Nairobi Business Ventures Limited FY 2016 Results through 31st March 2016 vs. 31st March 2015
FY Revenue 85.107960m vs. 74.139620m +14.794%
FY Cost of sales [31.440474m] vs. [31.285301m] +0.496%
FY Gross profit 53.667486m vs. 42.854320m +25.232%
FY Administrative expenses [10.538367m] vs. [8.107662m] +29.980%
FY Other operating expenses [25.613486m] vs. [19.542366m] +31.066%
FY Operating profit 17.515633m vs. 15.204292m +15.202%
FY Finance costs [11.196876m] vs. [11.285736m] -0.787%
Profit before tax 6.318757m vs. 3.918556m +61.252%
Profit for the period 4.423130m vs. 2.742989m +62.252%
Shareholders funds 49.843603m vs. 45.420473m +9.738%
Cash and cash equivalents at the end of the period [20.886734m] vs. [32.672855m] -36.073% |
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Data Source: Nairobi Stock Exchange
Trading Day: 14 Oct 2021
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