CAP Plc 2016 Financial Summary

12 Months Report CAP PLC
	2016 N'000	2015 N'000	change	Year End
Revenue	6,813,984	7,056,876	-3%	December
Profit/Loss  before taxation	2,296,821	2,570,021	-11%
Profit for the period	1,603,357	1,739,559	-8%
Issued Shares (Units)	700,000,000	700,000,000
Basic Earnings Per Shares (Kobo)	229.00	249.00	-8%
Last total dividend paid (Kobo)	220.00	120.00	83%

Quarter on Quarter performance

Revenue                                                                   PAT

N'000                                                                       N'000

Q1: #1,848,341                                                      Q1: #421,508

Q2: #1,599,037                                                      Q2: #358,275

Q3: #1,262,163                                                      Q3: #251,699

Q4: #2,104,443                                                      Q4: #271,875

CAP Plc maintained an average of #1.7billion in terms of revenue and #400million in terms of profit after tax PAT in 2016.

The company was not able to achieve its mission statement to grow its top-line by 20% annually at an EBIT profitability of 28%. The Economic headwind of 2016 part of the reason behind the dismal performance off its mission.

With expected improved activities in the country and the early passage of the 2017 budget, CAP should have a good year and in all, most of the manufacturing companies. The Market is expected to give the stock a chance in the coming days with a dividend yield of 7.8% at a price of #28.20k last closed price.

UACN still remains the major shareholder with a shareholding of 50.09%, couple with the fact that CAP is the Market leader in most of the Category its competing.

Corporate Action

Proposed Dividend: 220kobo per Share

Proposed Bonus : Nil

Qualification Date : May 5, 2017

AGM Date: June 13, 2017

Payment Date: June 13, 2017

AGM Venue: Arthur Mbanefo Hall Golden Tulip Festac, Amuwo Odofin Lagos State