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News
BARCLAYS YEAR ENDING 31 DECEMBER 2009
Results Summary - Operated with caution through 2009. The banking giant posted a fair set of results given they had made a conscious decision not to be adventurous in the year. They preferred not to be the market leaders in terms of lending and found themselves taking only 3% of the loans market share from 10% of deposits. As such, the group made a mere $1,2m in net interest income and $16,4m in non-funded income (transaction and structure fees). This took their total income to $17,2m while total expenses were $17,2m of which 56% went towards wages. They posted an EBIT of $611,382, PAT of $1,4m and comprehensive income for the year of $1,8m........more.
FBC FINANCIAL HOLDINGS 2009
FBCH group recorded an outstanding pre tax profit of $6m for the full year ended December 31, 2009. The commendable performance came on the back of a near nil/zero position following the impairment of the group's financial assets at adoption of multi-currency in January 2009........more.
TURNALL HOLDINGS 2009
Turnall released an impressive set of results for the year ended 31 December 2009 in which they achieved revenues of $16,5m. They incurred $10,4m production costs to post $6,1m gross profits. Operating expenses of $3,5m saw the group post a profit from continuing operations of $2,6m........more.
Innscor Africa Results for the Half year to 31 December 2009
FMCG giant, Innscor, posted a fair set of results as they posted a basic eps of 1,21c per share and declared an interim dividend of 0,4c per share. They turned over $208,8m for the half, and at an operating margin of 9%, they made an operating profit of $19,8m.......more.
APEX CORPORATION YEAR ENDING OCTOBER 2009
Results Summary.
The group achieved a turnover of $7,3million and an operating loss before depreciation of $0,2 million for the year ended 31 October 2009. Shareholders' equity was at $10,44million and net borrowings were $0,7million. Net Assets Value per share of 2,1cents .Current price per share 0,35cents. Current Market Capitalisation $1,7millin ......more.
PEARL PROPERTIES YEAR ENDING 31 DECEMBER 2009
Results Summary
Impressive, were Pearl's results for the year ended 31 December 2009 as they posted a PAT of $2,5m as per our forecasts. From average rentals per sqm of $3,04 they made a rental income of $4,2m and total income of $5,3m. They then incurred operating expenses of $2,2m to post an operating profit of $3m and PBT of $3,1m......more.
ZPI Results for the Year Ended 31 December 2009
Results Summary
ZPI posted an impressive set of results as they managed to make a profit from operations. Though rental incomes were below our expectations of $5m, they were high enough to cover all expenses incurred. They made a total income of $2,6m with $2,1m being rental income.......more.
National Foods Half Year Results to 31 December 2009
National foods holdings limited's 6 months results to 31 December 2009 were a pale shadow of expectations as the company posted a revenue of $79,9m operating on paltry EBITDA margins of 0,02% which gave them an EBITDA of a mere $19,032.......more.
Colcom H1 Results to 31 December 2009
Colcom released a brilliant set of results, posting a profit of 1,34c per share and declaring an interim dividend of 0,44c per share in the process. After increasing overall volumes by 42%, they increased their h/h sales by 34% to turn over $20,9m.......more.
NICOZ DIAMOND 2009
Results Summary.
Nicoz Diamond released an impressive set of results for the year ended 31 December 2009. In a period in which the group attained a retention ratio of 59%, their GWP totalled $12,1m against premium ceded of $5m to post NPW of $7,1m......more.
TRUWORTHS TO JANUARY 2010
Sales exceed forecasts by 63%.Truworths released a very impressive set of results beating prior forecasts of $600,000/month to turn over $5,9m (Monthly average of $975,230). At a gross margin of 49%, they posted a gross profit of $2,9m.......more.
RED STAR HOLDINGS LIMITED (28 MARCH 2009 ANNUAL REPORT EXTRACT)
The business was constrained by inadequate working capital which ultimately caused the few opened branches to operate at below 15% capacity. Margins were under severe pressure from high US$ denominated operating expenses. .......more.
Hippo Valley Estates Ltd 2009
Results Summary. Despite fighting to re-establish cane supply and milling capacity utilization, Hippo released an impressive set of results, posting an EBITDA of $16,6m and pretax profit of $17,2m from a turnover of $58,9m. They incurred a normal tax charge $302,000 and a deferred tax of $4,1m while a deferred tax adjustment (from change in tax laws) of $8,7m made them enjoy an effective tax credit of $4m, which took their earnings to $21,2m.......more.
Although the statements of fact in this report have been obtained from sources that the company believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed. All opinions and estimates included in this report constitute the company�s judgment as of the date of this report and are subject to change without notice. The securities discussed and mentioned in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors they believe necessary. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Source EFE Securities Research Team
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