Glaxosmithkline Consumer Nigeria Plc 2016 Financial summary
12 Months Report GLAXOSMITHKINE CONSUMER NIGERIA PLC | ||||
2016 N'000 |
2015 N'000 |
change | Year End | |
Revenue | 14,384,785 | 15,391,858 | -7% | December |
Profit/Loss before taxation | 185,891 | 1,065,601 | -83% | |
Profit for the period | 2,378,145 | 873,134 | 172% | |
Issued Shares (Units) | 1,195,876,488 | 1,195,876,488 | ||
Basic Earnings Per Shares (Kobo) | 199.00 | 86.00 | 131% | |
Last total dividend paid (Kobo) | 30.00 | 30.00 | 0.00 |
Quarter on Quarter performance
Revenue PAT
N'000 N'000
Q1: #7,644,135 Q1: #188,307
Q2: #6,321,483 Q2: (#3,893,815)
Q3: #6,574,709 Q3: (#340,900)
Q4: (#6,155,542) Q4: #6,424,553
Glaxosmithkline recorded an average revenue of N3.5billion and N594million in terms of Profit After Tax PAT.
A closer look at the result shows that cost os sales declined significantly. It declined by 45.63% which was influenced by the declined in the cost of raw material, consumables and good purchase for resale that declined by 53.75%.
Income tax Credit/expense improved significantly with a write back of N2.3billion. The reason the company was able to make profit. Because the Other gains and loses of (5.9billion) wipe out all the gains from cost of sales. The loss was as a result of foreign exchange loss realised of N3.6billion and foreign exchange loss of N2.48billion unrealised.
The company would face its first trading session tomorrow after making its result public. the Market would weigh the 30k dividend declared with a dividend yield of 2.07% at a price of N14.48k.
Glaxosmithkline recorded an average revenue of N3.5billion and N594million in terms of Profit After Tax PAT.
A closer look at the result shows that cost os sales declined significantly. It declined by 45.63% which was influenced by the declined in the cost of raw material, consumables and good purchase for resale that declined by 53.75%.
Income tax Credit/expense improved significantly with a write back of N2.3billion. The reason the company was able to make profit. Because the Other gains and loses of (5.9billion) wipe out all the gains from cost of sales. The loss was as a result of foreign exchange loss realised of N3.6billion and foreign exchange loss of N2.48billion unrealised.
The company would face its first trading session tomorrow after making its result public. the Market would weigh the 30k dividend declared with a dividend yield of 2.07% at a price of N14.48k.
Corporate Action
Proposed Dividend: 30kobo per Share
Proposed Bonus : Nil
Qualification Date : April 12, 2017
AGM Date: May 31, 2017
Payment Date: June 1, 2017
AGM Venue: Muson Center Onikan, Lagos
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