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Ireland Blythe Limited HY 2014 financial results
 

Ireland Blythe Limited HY 2014 financial results

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Ireland Blythe Limited Listed on the Stock Exchange of Mauritius has released its Quarterly Results. Check out ...

Ireland Blythe Limited Listed on the Stock Exchange of Mauritius has released its Quarterly Results. Check out
insights into this company in their presentation which appears below.
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Ireland Blythe Limited HY 2014 financial results Ireland Blythe Limited HY 2014 financial results Document Transcript

  • Statement of comprehensive income THE GROUP Statement of cash flow (Abridged) THE GROUP (Abridged) Quarter ended 9 months ended 9 months ended 31.3.2014 31.3.2013 31.3.2014 31.3.2013 31.3.2014 31.3.2013 Rs000 Rs000 Rs000 Rs000 Rs000 Rs000 Revenue 4,405,390 4,574,900 14,744,080 14,449,150 Net cash generated from operating activities 770,480 11,800 Profit from operations 171,360 273,240 794,020 891,520 Net cash used in investing activities ( 656,370 ) ( 940,790 ) Share of profits less losses of associates 22,680 37,350 60,240 56,790 Net cash generated from/(used in) financing activities 79,700 ( 376,120 ) Net finance costs ( 104,340 ) ( 114,230 ) ( 329,450 ) ( 335,980 ) Net increase/(decrease) in cash & cash equivalents 193,810 ( 1,305,110 ) Profit before taxation 89,700 196,360 524,810 612,330 Cash & cash equivalents at 1 July ( 2,688,708 ) ( 1,449,750 ) Taxation ( 17,730 ) ( 29,820 ) ( 54,390 ) ( 67,050 ) Net cash & cash equivalents at 31 March ( 2,494,898 ) ( 2,754,860 ) Profit for the period 71,970 166,540 470,420 545,280 Statement of Changes in Equity THE GROUP Other comprehensive income for the period 190 1,060 2,220 15,320 (Abridged) Non- Total comprehensive income for the period 72,160 167,600 472,640 560,600 Owners of controlling Total Profit attributable to :- the parent interests equity Owners of the parent 51,090 132,850 341,760 418,520 Rs000 Rs000 Rs000 Non-controlling interests 20,880 33,690 128,660 126,760 At 1 July 2012 4,090,591 1,526,027 5,616,618 71,970 166,540 470,420 545,280 Total comprehensive income 429,280 131,320 560,600 Total comprehensive income attributable to :- Dividends ( 42,860 ) - ( 42,860 ) Owners of the parent 51,200 135,050 343,090 429,280 At 31 March 2013 4,477,011 1,657,347 6,134,358 Non-controlling interests 20,960 32,550 129,550 131,320 At 1 July 2013 4,527,053 1,690,050 6,217,103 72,160 167,600 472,640 560,600 Total comprehensive income 343,090 129,550 472,640 Earnings per share (Rs) 0.72 1.86 4.78 5.86 Dividends ( 46,430 ) - ( 46,430 ) Net assets per share (Rs) - - 67.52 62.67 At 31 March 2014 4,823,713 1,819,600 6,643,313 Segmental Information THE GROUP Quarter ended 9 months ended 31.3.2014 31.3.2013 31.3.2014 31.3.2013 Rs000 Rs000 Rs000 Rs000 Commerce 684,170 709,200 2,313,160 2,191,470 Engineering 484,330 578,120 2,225,110 2,288,390 Financial Services 451,440 424,000 1,307,860 1,139,610 Logistics, Aviation & Shipping 146,690 184,950 542,030 559,400 Retail 1,339,720 1,206,450 4,080,920 3,792,230 Seafood & Marine 1,297,290 1,470,540 4,269,930 4,473,190 Corporate services and others 1,750 1,640 5,070 4,860 Revenue 4,405,390 4,574,900 14,744,080 14,449,150 THE GROUP Quarter ended 9 months ended 31.3.2014 31.3.2013 31.3.2014 31.3.2013 Rs000 Rs000 Rs000 Rs000 Commerce 47,010 36,920 154,900 123,070 Engineering ( 23,800 ) 20,890 64,780 158,460 Financial Services 75,250 119,950 148,560 182,590 Logistics, Aviation & Shipping 28,640 26,520 111,300 88,860 Retail 19,970 7,000 63,440 57,920 Seafood & Marine 55,000 103,140 322,550 371,140 Corporate services and others ( 30,710 ) ( 41,180 ) ( 71,510 ) ( 90,520 ) Profit from Operations 171,360 273,240 794,020 891,520 Statement of financial position (Abridged) THE GROUP As at Audited at 31.3.2014 30.6.2013 Assets Rs000 Rs000 Non-current assets Property, plant and equipment 7,569,320 7,546,712 Investment property 77,654 77,654 Intangible assets 644,430 645,033 Investments 1,155,700 1,028,565 Finance lease receivables 1,061,510 1,001,369 10,508,614 10,299,333 Current Assets 8,757,256 9,144,206 Total Assets 19,265,870 19,443,539 Equity and Liabilities Equity attributable to owners of the parent 4,823,713 4,527,053 Non-controlling interests 1,819,600 1,690,050 Total equity 6,643,313 6,217,103 Non-current liabilities 2,500,330 2,735,243 Current liabilities 10,122,227 10,491,193 Total Equity and Liabilities 19,265,870 19,443,539 IRELAND BLYTH LIMITED (Incorporated in the Republic of Mauritius) (File No. 2052) Unaudited Profit Announcement for the nine months ended 31 March 2014 Comments The interim condensed financial statements for the third quarter ended 31 March 2014 are unaudited and have been prepared using the same accounting policies and methods of computation as those adopted in the statutory financial statements for the year ended 30 June 2013. In spite of registering a drop for the quarter, group revenue for the 9 months grew by 2% to reach Rs 14.7 Billion. Operating profits were down by 11% to Rs 794 million from Rs 892 million attributable essentially to the adverse markets conditions in the Engineering and Seafood sectors. Although some signs of recovery have been noted in these activities, the financial impact will only be registered in the next financial year. Other sectors performed satisfactorily with Financial Services posting the same operating results as last year which included the profit from the disposal of its long term insurance business. Attributable earnings after provision for taxation and minority interests were Rs 342 million as compared to Rs 419 million for the same period last year. Dividend A final dividend of Rs 1.85 per share for the year ending 30 June 2014 has been declared and will be paid on 27 June 2014. By Order of the Board IBL Corporate Services Ltd Company Secretary 13 May 2014 Registered Office: Transfer Office: IBL House MCB Registry & Securities Ltd Caudan Sir William Newton Street Port Louis Port Louis This communiqué is issued pursuant to Listing Rule 12.20 and Securities Act 2005. The Board of Directors of Ireland Blyth Limited accepts full responsibility for the accuracy of the information contained in this interim report. Copies of this interim report are available to the public, free of charge, at the Company's registered office, IBL House, Caudan, Port Louis. The statement of direct and indirect interests of officers of the Company required under rule 8(2)(m) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007 is available upon request, free of charge, from the Secretary, at 5th floor, IBL House, Caudan, Port Louis, Mauritius.