Nine Months Results For CAP, NEM and FIDSON

Nine Months Results For CAP, NEM and FIDSON
(Source: Capital Bancorp Research, Date: 25-Oct-2017)

Dear Investor,

Please find below the unaudited nine months results for Chemical and Allied Products Plc, NEM Insurance and Fidson Healthcare Plc for the period ended September 30^th 2017.

CHEMICAL AND ALLIED PRODUCTS PLC (CAP)

NEM INSURANCE PLC

FIDSON HEALTHCARE PLC

UNAUDITED 9 MONTHS RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER, 2017

Sector:

INDUSTRIAL GOODS

Sector:

FINANCIAL SERVICE

Sector:

HEALTHCARE

Per share Data

Current Price (N)

32.50

Current Price (N)

1.39

Current Price (N)

3.36

52 Weeks High/Low (N)

37.8/28.01

52 Weeks High/Low (N)

1.41/0.70

52 Weeks High/Low (N)

3.7/0.89

Shares Outstanding

700,000,000

Shares Outstanding

5,280,502,913

Shares Outstanding

1,500,000,000

Market Capitalisation

22,750,000,000.00

Market Capitalisation

7,339,899,049.07

Market Capitalisation

5,040,000,000.00

Period

9M'17

9M'16

Growth (%)

Period

9M'17

9M'16

Growth (%)

Period

9M'17

9M'16

Growth (%)

Income Statement

N' Million

Income Statement

N' Million

Income Statement

N' Million

Revenue

4,904.87

4,709.54

4.15

Gross Premium Written

11,061.98

9,008.90

22.79

Revenue

10,302.53

4,527.00

127.58

Cost of Sales

(2,665.22)

(2,393.16)

11.37

Decrease/(Increase ) in unearned Income

(1,781.81)

(1,045.74)

70.39

Cost of Sales

(5,079.15)

(2,141.08)

137.22

Gross Profit

2,239.65

2,316.38

-3.31

Gross Premiums Earned

9,280.17

7,963.17

16.54

Gross Profit

5,223.38

2,385.93

118.92

Selling and Distribution Expenses

(235.05)

(295.32)

-20.41

Reinsurance Expenses

(2,906.82)

(1,824.38)

59.33

Other Operating Income

13.67

10.10

35.29

Administrative Expenses

(789.34)

(663.64)

18.94

Net Premium Income

6,373.36

6,138.79

3.82

Other Operating Expenses

(13.46)

(51.29)

-73.75

Other Income

43.77

55.14

-20.62

Fee and Commission Income

571.48

458.54

24.63

Administrative Expenses

(1,982.04)

(1,330.71)

48.95

Operating Profit

1,259.03

1,412.55

-10.87

Net Underwriting Income

6,944.84

6,597.33

5.27

Selling and Distribution Expenses

(1,595.17)

(432.38)

268.93

Finance Income

163.10

117.67

38.60

Claim Expenses

(784.94)

(1,525.87)

-48.56

Operating Profit

1,646.38

581.66

183.05

Finance cost

(3.50)

(13.33)

-73.73

Underwriting Expenses

(2,762.60)

(2,210.95)

24.95

Finance Costs

(623.94)

(460.96)

35.36

Net Finance income

159.59

104.34

52.96

Underwriting Profit

3,397.30

2,860.51

18.77

Finance Income

21.07

Profit/Loss Before Tax

1,418.63

1,516.89

-6.48

Investment Income

470.02

285.67

64.53

Profit Before Tax

1,043.50

120.70

764.56

Taxation

(453.96)

(485.40)

-6.48

Other Income

21.87

22.24

-1.69

Taxation

(313.05)

(38.62)

710.53

PROFIT FOR THE PERIOD

964.67

1,031.48

-6.48

Other Operating and Admin. Expenses

(1,887.09)

(1,689.95)

11.67

Profit After Tax

730.45

82.07

789.98

Balance Sheet

9M'17

9M'16

Growth (%)

Profit/Loss Before Tax

2,002.09

1,478.47

35.42

Balance Sheet

9M'17

9M'16

Growth (%)

N' Million

Income Taxes

(310.32)

(229.16)

35.42

N' Million

Total Asset

4,381.46

3,989.98

9.81

Profit After Tax

1,691.76

1,249.31

35.42

Total Asset

17,469.80

16,023.51

9.03

Total Liabilities

2,681.72

2,278.36

17.70

Balance Sheet

9M'17

9M'16

Growth (%)

Total Liabilities

10,221.09

9,578.98

6.70

Shareholders' Fund

1,699.74

1,711.62

-0.69

N' Million

Shareholders Fund

7,248.72

6,444.53

12.48

Fundamental analysis

9M'17

9M'16

Growth (%)

Total Asset

16,533.75

13,705.20

20.64

Fundamental analysis

9M'17

9M'16

Growth (%)

Earnings Per Share (EPS) (N)

1.38

1.47

-6.48

Total Liabilities

7,832.46

6,565.38

19.30

Earnings Per Share (EPS) (N)

0.49

0.05

789.98

P.E (x)

23.58

22.06

6.93

Shareholders' Fund

8,701.29

7,139.82

21.87

P.E (x)

6.90

61.41

-88.76

PBT Margin (%)

28.92%

32.21%

-3.29

Fundamental Analysis

9M'17

9M'16

Growth (%)

PBT Margin (%)

15.98%

12.85%

3.13

PAT Margin (%)

19.67%

21.90%

-2.23

Earnings Per Share (EPS) (N)

0.32

0.24

35.42

PAT Margin (%)

7.09%

1.81%

5.28

Net Asset Per Share (N)

2.43

2.45

-0.69

P.E (x)

4.34

5.88

-26.15

Net Asset Per Share (N)

4.83

4.30

12.48

ROA%

22.02%

25.85%

-3.83

PBT Margin (%)

18.10%

16.41%

1.69

ROA%

4.18%

0.51%

3.67

ROE %

56.75%

60.26%

-3.51

PAT Margin (%)

15.29%

13.87%

1.43

ROE %

10.08%

1.27%

8.80

Net Asset Per Share (N)

1.65

1.35

21.87

ROA%

10.23%

9.12%

1.12

Kind Regards,

ROE %

19.44%

17.50%

1.94

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