Aluminium Extrusion Post 2012 FY PAT Of N45million, Propose 5kobo Per Share Dividend

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Aluminium Extrusion Industries Ltd released its 2012 Results with revenues remaining nearly flat at N1.72billion.Operating profit at the end of the period was N102million as cost of sales sliced 88% of revenue. The company’s profit after tax at the end of the period was N45million representing a profit margin of just 3%. It is important to note that the company gained an additional revenue of N353million from sale of fixed assets taking its total comprehensive income to N310million after adjusting for deferred tax.

[gview file=”https://cdn.nairametrics.com/wp-content/uploads/2013/05/ALUMINIUM-EXTRUSION-AUDITED-DEC-2012.pdf”]

Overall the result is poor in my view.