LIVESTOCK FEEDS EARNINGS PER SHARE RISES TO 13-YEAR HIGH
Main Points:
1. Earnings Performance: Livestock Feeds Plc achieved its highest earnings per share (EPS) in 13 years, with a dramatic increase of 1,064.8% to N14.56 in H1 2024 from N1.25 in H1 2023.
2. Financial Metrics:
- Shares Outstanding: 2.9 billion
- Share Price: N2.25
- Traded Volume: 1.26 million
- Shareholders’ Funds: Increased to N1.88 billion from N1.7 billion
- After-Tax Profit: Rose to N436 million from N37 million
- Revenue: Increased to N15 billion from N9.7 billion
3. Operational Highlights:
- The increase in revenue is attributed to sales in Ikeja, Aba, Northern Nigeria, and Onitsha.
- The company’s operating profit surged by 413.6% to N1.5 billion from N292 million.
4. Expenses and Cash Flow:
- Operating Expenses: Increased by 26% to N813 million
- Administrative Expenses: Rose by 79.3% to N675 million
- Finance Income: Decreased to N736,000 from N751,000
- Finance Costs: Increased to N911 million from N237 million
- Total Assets: Fell to N11.1 billion from N13.3 billion
- Total Liabilities: Decreased to N9.3 billion from N11.5 billion
- Cash and Cash Equivalents: Increased by 671.1% to N856 million
5. Investment and Financing Activities:
- Net Cash Flow from Investing Activities: Negative N241 million due to property and equipment acquisition
- Net Cash Flow from Financing Activities: Negative N6.7 billion due to loan repayments
6. Company Background:
- Livestock Feeds Plc, established in 1963, operates plants in Ikeja and Aba and serves various livestock sectors including poultry, aquaculture, and cattle rearing.
Conclusion: Livestock Feeds Plc's significant rise in EPS and operating profit reflects strong performance, despite increased expenses and negative cash flows from investment and financing activities.
Main Points:
1. Earnings Performance: Livestock Feeds Plc achieved its highest earnings per share (EPS) in 13 years, with a dramatic increase of 1,064.8% to N14.56 in H1 2024 from N1.25 in H1 2023.
2. Financial Metrics:
- Shares Outstanding: 2.9 billion
- Share Price: N2.25
- Traded Volume: 1.26 million
- Shareholders’ Funds: Increased to N1.88 billion from N1.7 billion
- After-Tax Profit: Rose to N436 million from N37 million
- Revenue: Increased to N15 billion from N9.7 billion
3. Operational Highlights:
- The increase in revenue is attributed to sales in Ikeja, Aba, Northern Nigeria, and Onitsha.
- The company’s operating profit surged by 413.6% to N1.5 billion from N292 million.
4. Expenses and Cash Flow:
- Operating Expenses: Increased by 26% to N813 million
- Administrative Expenses: Rose by 79.3% to N675 million
- Finance Income: Decreased to N736,000 from N751,000
- Finance Costs: Increased to N911 million from N237 million
- Total Assets: Fell to N11.1 billion from N13.3 billion
- Total Liabilities: Decreased to N9.3 billion from N11.5 billion
- Cash and Cash Equivalents: Increased by 671.1% to N856 million
5. Investment and Financing Activities:
- Net Cash Flow from Investing Activities: Negative N241 million due to property and equipment acquisition
- Net Cash Flow from Financing Activities: Negative N6.7 billion due to loan repayments
6. Company Background:
- Livestock Feeds Plc, established in 1963, operates plants in Ikeja and Aba and serves various livestock sectors including poultry, aquaculture, and cattle rearing.
Conclusion: Livestock Feeds Plc's significant rise in EPS and operating profit reflects strong performance, despite increased expenses and negative cash flows from investment and financing activities.