Fidson Healthcare Plc 2016 Financial Summary

Principal Activities

The principal activities of the Company are the manufacture and distribution of pharmaceutical products. The company commenced local manufacturing of pharmaceutical products in July 2002

Legal Form

The company operated as a Private Limited Liability Company until June 5, 2008 when it was registered as a Public Limited Liability Company. The shares are currently quoted on the Nigerian Stock Exchange.

Major Shareholders

Dr. Fidelis Ayebae                           29.77%

Glorious Haven Ltd                           5.74%

Stanbic Nominee                              5.67%

CSP Nominee                                   12.91%

12 Months Report FIDSON HEALTHCARE PLC
	2016 N'000	2015 N'000	change	Year End
Revenue	7,655,029	8,210,760	-7%	December
Profit/Loss before taxation	443,787	838,039	-47%
Profit/Loss for the period	316,762	744,378	-57%
Issued Shares (Units)	1,500,000,000	1,500,000,000
Basic Earnings Per Shares (Kobo)	21.00	50.00	-58%
Last total dividend paid (Kobo)	5.00	5.00	0%

Quarter on Quarter performance

Revenue                                                                   PAT

N'000                                                                       N'000

Q1: #1,217,378                                                      Q1: #28,478

Q2: #1.393,318                                                      Q2: #11,104

Q3: #1,916,308                                                      Q3: #42,493

Q4: #3,128,025                                                      Q4: #234,687

Fidson maintained an average of #1.9billion in terms of revenue in 2016 and #79.1million in terms of PAT. The Q4 performance was a master class in revenue and PAT. We expect the company to maintain the tempo in 2017. The Q1 2017 will actually say more about this.

A closer look at the result shows that Fidson needs to sell and manage its administrative and selling and distribution expenses to remain competitive. The healthcare sector had its own fair share of the economic down turn of 2016, the reason most of them did not do well. We hope 2017 would be fair enough.

The Company Declared a dividend of 5k same divided paid in 2105.