Investor Presentaiton
Revenue growth impacted by lower volume does not fully compensate higher
input costs and redundancy one-off
Operating profit bridge (N billion)
-15.3%
49.0
39.3
Summary of Profit or Loss
(N'Billions)
2023
2022
Change %
Revenue
599.5
550.5 9
Cost of Sales
(387.0) (337.3) (15)
5.7
4.3
Gross Profit
212.5
213.2 0
8.6
Operating Profit
44.5
10.6
52.6
44.5
Net loss on foreign exchange
transactions
52.6 (15)
(153.3) (26.3) (482)
Net financing expense
(35.9) (8.1)
(342)
Profit Before Tax
(144.7) 18.1 (900)
Taxation
39.5
(4.2)
1049
Results after Tax
(105.2) 13.9
(855)
EBITDA
92.0
91.6
0
Operating Profit Margin %
7.4%
9.5%
(212) bps
Operating
profit 2022
Increase in
Increase in
net revenue raw materials
and
consumables promotions
Decrease in
advert. and
sales
Impact of Increase in Others net
redundancy transportation (e.g.
costs Depreciation,
E&W)
Operating
profit 2023
NBView entire presentation