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FULL YEAR ANALYSIS: CARBACID
Carbacid Investment Ltd reported their 2007 full year financial results, reflecting a 22.5% rise in profit after taxation to KES155 million compared to profit after taxation in 2006 of KES126 million. In 2007, turnover rose by 16% (2006-KES319 million; 2007-KES369 million), while Carbacid’s profit before taxation increased by 26.6% (2006-KES179 million; 2007-KES226 million). Income tax expense rose by 36% from KES52 million in 2006 to KES72 million in 2007. Carbacid’s EPS for 2007 was KES13.70, a 22.54% increase from their EPS in 2006.
COMMENTARY ON RESULTS
Carbacid Investment Limited
The Directors of Carbacid Investment Limited announced the results of the year ended 31st July 2007.The highlights are as follows:
- The Directors resolved to recommend to shareholders at the Annual General Meeting to be held on 11th December 2007.
- A final Dividend of KES 56,633,775 (shillings 5.00 per share) on the issued share capital be declared to those registered at the close of business on 16th November 2007.
- Turnover grew by 15.89%, from KES 318,975,000 on 31st July 2006 to KES 369,659,000 on 31st July 2007
- Profit after tax grew by 22.50%, from KES 126,722,000 on 31st July 2006 to KES 155,234,000 on 31ST July 2007
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| CARBACID INVESTMENT LTD INCOME STATEMENT |
| YEAR ENDED |
31/7/2007 |
31/7/2006 |
06 vs. 07 |
|
Kshs’. 000 |
Kshs’. 000 |
% Change |
| Turnover |
369,659 |
318,975 |
15.89% |
| Net turnover |
369,659 |
318,975 |
15.89% |
| Profit before tax |
226,796 |
179,213 |
26.6% |
| Tax |
(71,562) |
(52,491) |
36.33% |
| Profit after tax |
155,234 |
126,722 |
22.50% |
| Net Margin % |
42% |
40% |
|
|
KES |
KES |
|
| Interim dividend paid per share |
5.00 |
3.25 |
53.85% |
| Interim dividend paid out of the revenue reserves |
- |
1.25 |
|
| Final dividend proposed per share |
5.00 |
3.00 |
66.67% |
|
10.00 |
7.50 |
33.33% |
| Basic and diluted earnings per share |
13.70 |
11.18 |
22.54% |
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