CROWN BERGER today morning released their Half Year results for the half year period ending 30th June 2011
Turnover rose 26.63% to Kshs. 1.81 Billion from Kshs. 1.43 Billion
Net Profit Margin was however down to 2.5% from 3% due to weakening of the Kenya Shilling and high raw material prices
Earnings Per Share went up from Kshs. 1.79/= to Kshs. 1.93/=
H1 2010 Kshs. | H1 2011 Kshs. | % CHANGE | |
TURNOVER | 1.43 BILLION | 1.81 BILLION | +26.63% |
NET FINANCE COSTS | 22.4 MILLION | 14.1 MILLION | -37.15% |
PROFIT BEFORE TAX | 70.1 MILLION | 75.1 MILLION | +7.14% |
NET PROFIT | 42.5 MILLION | 45.9 MILLION | +7.81% |
NET PROFIT MARGIN | 3% | 2.5% | -0.5% |
EARNINGS PER SHARE | 1.79/= | 1.93/= | +7.82% |
Total Assets rose 32.81% to Kshs.2.48 Billion
Management noted that “the outlook for the 2nd Half of the year is a matter of concern due to the current economic situation in the country and the board has taken measures to sustain profitability with a positive note”
No interim dividend was declared
Crown Berger finished the day at NSE trading as the highest gainer. It traded 2,800 shares at Kshs. 29.00 ending up higher by 16%
At that price, it is trading at a forward Price/Earnings ratio of 7.5
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