Studio Press Plc 2016 Financial Summary

Major Shareholders

• Rommac Agencies Limited 52.64%
• Federated Resources Nigeria Ltd 27.35%

12 Months Report STUDIO PRESS PLC
	2016 N'000	2015 N'000	change	Year End
Revenue	10,254,095	7,891,898	30%	December
Profit/Loss before taxation	470,447	165,584	384%
Profit/Loss for the period	256,620	93,784	374%
Issued Shares (Units)	594,885,713	594,885,713
Basic Earnings Per Shares (Kobo)	43.00	16.00	369%
Last total dividend paid (Kobo)	0.00	0.00	#DIV/0!

Quarter on Quarter performance

Revenue                                                                   PAT

N'000                                                                       N'000

Q1: #2,416,591                                                      Q1: #47,065

Q2: #2,433,053                                                      Q2: #25,070

Q3: #2,176,847                                                      Q3: #34,051

Q4: #3,227,604                                                      Q4: #150,434

Studio press made an average of #2.5billion in terms of revenue and #64.1million in terms of PAT. The company performance seems stable but for the Huge Debt obligation hanging on it that needed to be service from money made from the core of the business.

A closer look at the results shows that Studio press was able to generate enough revenue in 2016, this allowed it the make more than enough to cover interest charges and have some left compare to 2015. The company also benefited from foreign exchange rate difference that increased from #20.6million in 2016 to 188million in 2016.