Earnings Flash | Flourmills 9M-2016 Results

Earnings Flash | Flourmills 9M-2016 Results
Financial Highlights (N'Mn)
Headlines	9M- 2016/17	9M- 2015/16	Change
Revenue	389,944	263,680	47.9%
Cost of sales	(336,448)	(235,996)	42.6%
Gross Income	53,496	27,684	93.2%
Operating Profit	27,264	11,631
Investment Income	726	24,698	-97.1%
Financial Expenses	(17,697)	(16,543)	7.0%
Profit/Loss Before Tax	10,293	19,786	-48.0%
Taxation	(2,893)	(782)	269.9%
Profit/Loss After Tax	7,400	19,004	-61.1%
	9M-2016/17	9M-2015/16
Cash and cash equivalents	64,523	22,138	191.5%
Trade & Other Receivables	15,793	17,071	-7.5%
Trade & Other Payables	106,034	39,462	168.7%
Net Assets	100,534	100,542	0.0%
Gross Margin	13.7%	10.5%	3.2%
Net Margin	1.9%	7.2%	-5.3%
Cost to Sales	86.3%	89.5%	-3.2%
Price(N)	18
EPS(N)	1.4
BVPS(N)	38.3
P/E(x)	12.6
P/BV(x)	0.5
ROAE (Annualised)	9.8%