EARNINGS BROADCAST: Nine Months Results for Custodian, Cadbury and UACN

EARNINGS BROADCAST: Nine Months Results for Custodian, Cadbury and UACN
(Source: Capital Bancorp Research, Date: 27-Oct-2017)

Dear Investor,

Please find below the unaudited nine months results for Custodian and Allied Plc, Cadbury Nigeria Plc and UAC of Nigeria Plc for the period ended September 30^th 2017.

CUSTODIAN AND ALLIED PLC

CADBURY NIGERIA PLC

UAC OF NIGERIA PLC

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

Sector:

FINANCIAL SERVICES

Sector:

CONSUMER GOODS

Sector:

CONGLOMERATE

Per share Data

Current Price (N)

4.00

Current Price (N)

10.65

Current Price (N)

19.00

52 Weeks High/Low (N)

4.0/3.00

52 Weeks High/Low (N)

15.67/7.04

52 Weeks High/Low (N)

20.40/12.02

Shares Outstanding

5,881,864,195

Shares Outstanding

1,878,202,040

Shares Outstanding

1,920,864,387

Market Capitalisation

23,527,456,780.00

Market Capitalisation

20,002,851,726.00

Market Capitalisation

36,496,423,353.00

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

Gross Revenue

31,862.23

27,114.37

17.51

Revenue

24,365.27

21,325.54

14.25

Revenue

68,772.92

56,790.09

21.10

Operating Expenses

(22,442.98)

(18,213.32)

23.22

Cost of Sales

(18,748.95)

(16,848.63)

11.28

Cost of Sales

(57,844.54)

(44,333.16)

30.48

Net Fair Value Gains/(Losses)

384.71

32.82

1072.36

Gross Profit

5,616.33

4,476.91

25.45

Gross Profit

10,928.38

12,456.93

-12.27

Net Realised Gains/(Losses)

71.67

(25.49)

-381.20

Other Income

51.16

(45.89)

-211.50

Other operating income

2,772.21

1,732.84

59.98

Management Expenses

(3,874.05)

(3,623.03)

6.93

Selling and Distribution Expenses

(3,937.46)

(4,249.09)

-7.33

Selling & Distribution Expenses

(2,541.71)

(2,570.66)

-1.13

Finance Costs

(87.28)

Administrative Expenses

(1,588.76)

(1,209.53)

31.35

Administrative Expenses

(5,471.85)

(5,165.30)

5.93

Profit before Tax Expense

6,001.58

5,198.07

15.46

Results From Operating Activities

141.27

(1,027.60)

-113.75

Other Losses

(120.92)

Income Tax Expense

(1,326.86)

(1,136.21)

16.78

Finance Income

128.01

185.45

-30.97

Operating Profit

5,566.11

6,453.81

-13.75

Profit After Tax

4,674.72

4,061.86

15.09

Finance Cost

(333.74)

Finance Income

1,364.74

988.68

38.04

Profit Attributable to;

Net Finance (Cost)/Income

(205.73)

185.45

-210.93

Finance Cost

(4,489.52)

(1,828.97)

145.47

Owners of the parent

4,467.63

3,915.90

14.09

Profit/(Loss) Before Income Tax

(64.45)

(842.16)

-92.35

Net Finance (Cost)/Income

(3,124.78)

(840.30)

271.87

Non-controlling interests

207.09

145.97

41.87

Income Tax Expense

Share of net profit of associates and joint venture using the equity method

603.80

1,092.60

-44.74

Balance Sheet

9M'17

9M'16

% Growth

Profit For The Period

(64.45)

(842.16)

-92.35

Profit before tax

3,045.13

6,706.12

-54.59

N' Million

Balance Sheet

9M'17

9M'16

Growth (%)

Income Tax Expense

(883.81)

(1,955.01)

-54.79

Total Assets

80,077.23

69,816.19

14.70

N' Million

Profit from continuing operations

2,161.32

4,751.10

-54.51

Total Liabilities

46,923.93

41,185.71

13.93

Total Asset

30,999.46

29,052.25

6.70

Loss from discontinued operations

(185.54)

(408.69)

-54.60

Total equity

33,153.30

28,630.49

15.80

Total Liabilities

19,767.60

18,829.94

4.98

Profit for the period

1,975.78

4,342.41

-54.50

Fundamental Analysis

9M'17

9M'16

Growth

Shareholders' Fund

11,231.86

10,222.31

9.88

Profit attributable to:

Earnings Per Share (EPS) (N)

0.76

0.67

14.09%

Fundamental Analysis

9M'17

9M'16

Growth

Equity holders of the parent

1,521.78

2,547.79

-40.27

P.E (x)

5.27

5.47

-3.74%

Basic (Loss)/ Earnings Per Share (EPS) (N)

-0.03

-0.45

-92.35%

Non-controlling interests

454.00

1,794.62

-74.70

PBT Margin (%)

18.84%

19.17%

-0.33%

P.E (x)

-310.35

-23.75

1206.62%

Balance Sheet

9M'17

9M'16

% Growth

PAT Margin (%)

14.67%

14.98%

-0.31%

PBT Margin (%)

-0.26%

-3.95%

3.68%

N' Million

Net Asset Per Share (N)

13.61

11.87

14.70%

PAT Margin (%)

-0.26%

-3.95%

3.68%

Total Asset

127,343.50

134,675.47

-5.44

ROA%

5.84%

5.82%

0.02%

Net Asset Per Share (N)

16.50

15.47

6.70%

Total Liabilities

52,937.45

59,131.00

-10.47

ROE %

14.10%

14.19%

-0.09%

ROA%

-0.21%

-2.90%

2.69%

Shareholders' Fund

74,406.06

75,544.47

-1.51

ROE %

-0.57%

-8.24%

7.66%

Fundamental analysis

9M'17

9M'16

Growth

Basic Earnings Per Share (EPS) (N)

0.79

1.33

-40.27%

P.E (x)

23.98

14.32

67.42%

PBT Margin (%)

4.43%

11.81%

-7.38%

Kind Regards,

PAT Margin (%)

3.14%

8.37%

-5.22%

Net Asset Per Share (N)

66.29

70.11

-5.44%

ROA%

1.70%

3.53%

-1.83%

ROE %

2.90%

6.29%

-3.38%

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