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)
| 2014 | 2015 | Change | |
| Total Assets | 22.24 | 21.87 | 1.69% |
| Inventory | 2.67 | 2.51 | 6.37% |
| Notes and Current Account Receivables | 1.07 | 0.85 | 25.88% |
| Total Equity | 17.62 | 17.12 | 2.92% |
| Sales | 14.19 | 14.48 | -2.00% |
| Cost of Sales | 8.82 | 9.37 | -5.87% |
| Gross Profit | 5.37 | 5.10 | 5.29% |
| Gross Profit Margin | 37.83% | 35.24% | |
| Operating Profit | 3.62 | 3.62 | 0.00% |
| Operating Profit Margin | 25.53% | 24.98% | |
| Net Profit | 3.57 | 3.40 | 5.00% |
| Net Profit Margin | 25.18% | 23.50% | 7.12% |
Source: BSE News
