| FINANCIAL HIGHLIGHTS |
| |
|
|
| |
|
|
|
|
|
|
|
|
| |
Major Balance Sheet Items |
|
2006 N'million |
|
2005 N'million |
|
%
Increase / (Decrease) |
|
| |
Fixed Assets
|
|
8,071 |
|
4,077 |
|
97.96 |
|
| |
Stocks and Work in Progress
|
|
4,931 |
|
3,618 |
|
36.29 |
|
| |
Net Current Assets
|
|
4,513 |
|
8,293 |
|
(45.58) |
|
| |
Total Current Assets
|
|
10,403 |
|
13,223 |
|
(21.33) |
|
| |
Net Assets
|
|
11,618 |
|
11,634 |
|
(0.14) |
|
| |
Ordinary Shareholders Funds |
|
11,618 |
|
11,634 |
|
(0.14) |
|
| |
|
|
|
|
|
|
|
|
| |
Major Profit and Loss items |
|
|
|
|
|
|
|
| |
Turnover |
|
16,772 |
|
15,815 |
|
6.05 |
|
| |
Operating Profit |
|
4,016 |
|
5,528 |
|
(27.35) |
|
| |
Profit Before tax |
|
4,951 |
|
6,519 |
|
(24.05) |
|
| |
Profit after tax |
|
3,377 |
|
4,430 |
|
(23.77 ) |
|
| |
Ordinary Dividends |
|
2,194 |
|
3,393 |
|
(35.34) |
|
| |
Bonus issue Provision |
|
122 |
|
_ |
|
100.00 |
|
| |
|
|
|
|
|
|
|
|
| |
Major Cash Flow Items |
|
|
|
|
|
|
|
| |
Net cash inflow from operating activities |
|
2,767 |
|
5,412 |
|
(48.87) |
|
| |
(Decrease) / Increase in cash and cash equivalent |
|
(4,186) |
|
1,908 |
|
(319.39) |
|
| |
|
|
|
|
|
|
|
|
| |
Ratios |
|
% |
|
% |
|
Change |
|
| |
Gross Margin |
|
48 |
|
59 |
|
(11.18) |
|
| |
Operating Margin |
|
24 |
|
35 |
|
(11.06) |
|
| |
Profit before tax to turnover |
|
30 |
|
41 |
|
(11.68) |
|
| |
Net return on ordinary shareholders' funds |
|
29 |
|
38 |
|
(9.01) |
|
| |
Gross return on total assets |
|
27 |
|
38 |
|
(11.00) |
|
| |
Turnover to net assets |
|
144 |
|
136 |
|
8.42 |
|
| |
Net current assets to turnover |
|
27 |
|
52 |
|
25.53 |
|
| |
Average cement price per tonne delivered |
|
22,899 |
|
21,635 |
|
5.84 |
|
| |
|
|
|
|
|
|
|
|
| |
Volumes |
|
|
|
|
|
|
|
| |
Cement deliveries ('000 tonnes) |
|
733 |
|
731 |
|
0.3 |
|
| |
Number of permanent employees |
|
671 |
|
668 |
|
0.4
|
|
| |
|
|
|
|
|
|
|
|
| |
Information per 50k ordinary share |
|
|
|
|
|
% |
|
| |
Dividends (kobo) |
|
150 |
|
232 |
|
(35.34) |
|
| |
Earnings per share (kobo) |
|
231 |
|
303 |
|
(23.82) |
|
| |
Net assets per share (Naira) |
|
8 |
|
8 |
|
0.73 |
|
| |
Dividend cover (times) |
|
1.54 |
|
1.31 |
|
17.56 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
