SEP reports 8% increase in net profit attributable to shareholders for the year ended December 2019
Date: February 17, 2020 Seprod Limited (SEP) posted revenue totalling $34.35 billion compared to $22.50 billion recorded for the same period of the prior financial year, representing a 53% increase year over year. The Company stated, “This was driven primarily by the acquisition of the Facey Consumer Division in Q4 2018 and by an increase in the export business.” For the quarter, revenue climbed 22% closing at $9.55 billion relative to the $7.80 billion reported the prior year’s corresponding quarter. Cost of Sales increased by 40% from $15.56 billion to $21.75 billion, resulting in gross profit increasing by 82% to
138SL reports three months net profit of $182.86 million
February 17, 2020 138SL’s Revenue increased by 110% to $455.24 million relative to the $216.79 million recorded for the corresponding period last year. Other operating income for the period under review rose by 38% to $8.70 million compared to $6.30 million a year earlier. Administrative expenses increased marginally by 1% to amount to $205.01 million (2018: $203.39 million). Thus, Operating profit closed the period at $258.94 million, a gross increase of 1215% compared to $19.69 million that was reported for the year prior. The company reported finance cost of $67.68 million (2018: $68.40 million), a 1% decline year over year.
1834 reports nine months net profit of $13.07 million
February 17, 2020 1834 Investments Limited (1834) posted operating income of $17.45 million, a 20% decline when compared to $21.87 million reported for the comparable period in 2018. For the quarter, operating income fell by 29% to $4.8 million (2018: $6.73 million). Other income increased by 76% to $65.37 million (2018: $37.16 million). Other income for the quarter closed at $1.46 million (2018: $1.36 million). As such, total revenue for the nine-month amounted to $82.82 million, 40% above last year’s corresponding period of $59.03 million. Total expenses decreased by 32% from $96.44 million in 2018 to $65.18 million in 2019.