PRESCO PLC FY:2016 Result - Financial Highlights (NGN Billion)

Statement of Comprehensive Income FY 2016 FY 2015 Y-o-Y Growth

Gross Revenue 15.7 10.4 50.4%
Cost of Sales (4.4) (3.8) 15.5%
Gross profit 11.3 6.6 70.5%
Operating Expenses (4.6) (3.1) 46.6%
Operating Profit (EBIT) 6.7 3.5 91.9%
Gain on Biological Asset 24.7 1.1 2223.8%
Finance Cost (0.7) (0.7) -3.3%
PBT 31.2 4.2 641.0%
Taxation (9.5) (1.7) 451.4%
PAT 21.7 2.5 771.9%

Per share data PRESCO Corporate Actions

Current Price 47.00 Proposed Dividend NGN 1.50

Trailing EPS 21.74
BVPS 52.1 Dividend Yield 3.2%
Price multiples/Ratios
Shares outstanding(bn) 1.0 Qualification Date n/a
Trailing P/E 2.2x
P/BV 0.9x Closure Date n/a
RoAE 52.1%
RoAA 31.4% Payment Date n/a
Gross Profit Margin 72.0% 63.5%
NET Margin 138.3% 23.9% AGM Venue n/a
OPEX Margin 29.3% 30.0%
Cost of Sales Margin 28.0% 36.5% AGM Date n/a
Leverage 11.4% 19.4%
Statement of Financial Position FY 2016 FY 2015 Y-o-Y Growth
Inventories 1.4 1.1 28.5%
Trade and Other Receivables 1.1 2.8 -60.6%
Cash and Cash equivalents 2.6 0.9 194.8%
Total Assets 83.2 55.5 49.9%
Total Equity 52.1 31.4 66.2%
Total Borrowings 6.0 6.1 -2.0%
Total Liabilities 31.0 24.1 28.7%