Ciments Blancs’ Net Profit Increased by 7.12% y-o-y in 2014

Ciments Blancs recorded net profit of $3.57M end of 2014 compared to $3.40M in 2013. This was partly on the back of, the annual 5.87% decrease in cost of sales to $8.82M while sales declined by 7.67% to $14.19M, over the same period. This in turn relatively affected the gross profit margin, the operating profit margin and net profit margin, which saw respective yearly increases from 35.24%, 24.98% and 23.50% to 37.83%, 25.53% and 25.18% by the End-2014.

On the balance sheet, total assets rose from $21.87M in 2013 to $22.24M by December 2014. In details, “inventory” and “current account receivables” upturned by yearly 6.37% and 25.88% to $2.67M and $1.07M, respectively over the same period.

Total shareholders’ equity slightly went up from $17.12M in 2013 to $17.62M by the end of 2014.

2013’s, 2014’s Ciment Blancs’ Financial Highlights ($M)

 20142015Change
Total Assets22.2421.871.69%
Inventory2.672.516.37%
Notes and Current Account Receivables 1.070.8525.88%
Total Equity 17.6217.122.92%
Sales14.1914.48-2.00%
Cost of Sales8.829.37-5.87%
Gross Profit5.375.105.29%
Gross Profit Margin37.83%35.24%
Operating Profit3.623.620.00%
Operating Profit Margin25.53%24.98%
Net Profit 3.573.405.00%
Net Profit Margin25.18%23.50%7.12%

Source: BSE News

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