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C & I Leasing Plc, whose market capitalization rose from N1 billion in March 2017 to 4.6 billion today, has completed the repurchase of an additional 27.5% minority stake in C & I Petrotech Marine Limited, becoming a wholly owned subsidiary of C & I Leasing Plc. , positioning its shareholders for more profit in 2018.
Andrew Otike-Odibi, General Manager of C & I Leasing plc, said the buyout would contribute to the company's desire to restructure and reposition its business to increase productivity.
"The company's journey in the marine sector as a service provider for the oil and gas sector began in 2010 through the CPML joint venture and has over the years 20 ships, "said Otike-Odibi. ]
C & I Leasing Plc follows a positive growth trajectory since 2015, badyzing BusinessDay showing that the company has recorded a 26% increase in its turnover to 21.4 billion euros in 2017 against 17 billion in 2016 and a profit after taxes of 19%. .1 Billion in 2017 of N920 Million in 2016.
The company has a high EBITDA margin of 59.25% in 2017 compared to 37.70% in 2016.
Return on Assets (ROA ) which measures the efficiency of enterprises and its ability to generate badets from revenues increased from 0.53% in 2015 to 2.59% in 2016, compared to 2.56% in 2017 [19659002] [19659004] Further investigation revealed that the net margin, which gives a more accurate picture of a company's profitability, increased from 0.96% in 2015 to 4.99% in 2017
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C & I Leasing has a total return of one year of 281% and is one of the best returns of the ESN.
The Bull Run in the stock price began in March last year after the performance results of 2016 showed that earnings per share rose from 8.61 kobo in 2015 to 54.17 kobo in 2016. EPS for 2017 is up to 65.85 kobo as the history of growth in the business has continued to gain ground.
The company records a good start to the year in Q1 2018 with a gross profit of 6.4 billion euros against 6 billion euros in Q1 2017. The result before Tax increased by 32.7% from 305 million euros in Q1 2017 to 405 million euros in Q1 2018 while profit after tax increased by 37.7% to 373 million nairas, against 270.8 million in Q1 2017.
"This was achieved through a combination of cost optimization measures, more efficient use of badets and increased focus on our program of effective productivity, "said C & I leasing plc.
C & I Leasing Plc recently recorded a successful 7 billion euro bond issue that was oversubscribed by 33%. Management has disclosed that funds raised through the bond program will be used to invest in the expansion of its operations and the restructuring of the company's debt over a five-year period.
"This clearly reaffirms our commitment to expanding our marine services business and taking the leadership on the ground, and hopefully this takeover will help restructure and reposition our shipping business for increased profitability. , "He added.
C & I Petrotech Marine Limited is a joint venture with six vessels currently on a long-term contract, Shell Petroleum Development Corporation (SPDC).
The C & I Leasing group of companies comprises three divisions, Fleet Management, Subcontracting and Marine as well as two subsidiaries in Leasafric, Ghana and EPIC International FZE, United Arab Emirates.
"At first quarter of 2018, our two overseas subsidiaries Leasafric in Ghana and EPIC International FZE in the United Arab Emirates (UAE) increased their contribution to the Group's revenues from 25% in the first quarter of 2017 to 34% ", Re Otike-Odibi, 19659031]! Function (f, b, e, v, n, t, s) {if (f.fbq) returns; n = f.fbq = function () {n.callMethod?
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