CAP Plc declares 11% Revenue boost, Nets N917million H1 ’18

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According to its half year scorecard released to the market on Tuesday 24th July, 2018, Cap plc says its gross sales for the first six months of 2018 improved by 11% to about N3.8billion when compared with N3.5billion recorded same period last year.

The company, which manufactures Dulux, a leading global paint brand ended the first half of the year 2018 with a net profit of N917million in contrast to the N696million recorded same period last year. This translates to about 31% year on year bottom-line growth.

The company’s shareholders’ earnings per share added 31kobo according to the report for the half year ended 30th June, 2018, to stand at N1.31, which is 31.6% improvement on the previous reported N1 earnings per share of the last same period.

Its PE Ratio is at 26.7x at a reference price of N35 with an earnings yield of 3.7%.

 

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