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Unga Financial report
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Jamani
#1 Posted : Thursday, September 01, 2011 12:11:15 PM
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Joined: 9/12/2006
Posts: 1,554
Vvs when should we expect, Ungas report? any ideas
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Cde Monomotapa
#2 Posted : Thursday, September 01, 2011 6:10:53 PM
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Joined: 1/13/2011
Posts: 5,964
Jamani wrote:
Vvs when should we expect, Ungas report? any ideas

The GMO version ama?
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Jamani
#3 Posted : Thursday, September 01, 2011 7:59:02 PM
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Joined: 9/12/2006
Posts: 1,554
Cde Monomotapa wrote:
Jamani wrote:
Vvs when should we expect, Ungas report? any ideas

The GMO version ama?


The end year financial version, the one that says how the firm performed in the last 12 months.
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kenyainvestor
#4 Posted : Friday, September 02, 2011 12:52:56 AM
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Joined: 7/12/2011
Posts: 194
Last year they announced on September 30th. Here is what dyer and blair had to say of the half year performance: Unga Group Limited announced a 54% jump in pre-tax profits to kshs 147 million. Turnover in the six months to Dec 31, rose to kshs 6.3 billion from kshs 6.2 billion, while operating profit jumped to kshs 357 million from kshs 212 million driven by efficiency in production and distribution. Net profit grew by 46% to kshs 147 million. Significant rise in raw material prices witnessed in the first half of the year, is expected to increase further through the remainder of the financial year. The impact of this is expected to be reduced volumes and margins due to the inability of the market to fully absorb the resulting cost increases.
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Cde Monomotapa
#5 Posted : Friday, September 02, 2011 8:56:55 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Jamani wrote:
Cde Monomotapa wrote:
Jamani wrote:
Vvs when should we expect, Ungas report? any ideas

The GMO version ama?


The end year financial version, the one that says how the firm performed in the last 12 months.

Laughing out loudly Laughing out loudly
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Jamani
#6 Posted : Friday, September 02, 2011 1:44:35 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
kenyainvestor wrote:
Last year they announced on September 30th. Here is what dyer and blair had to say of the half year performance: Unga Group Limited announced a 54% jump in pre-tax profits to kshs 147 million. Turnover in the six months to Dec 31, rose to kshs 6.3 billion from kshs 6.2 billion, while operating profit jumped to kshs 357 million from kshs 212 million driven by efficiency in production and distribution. Net profit grew by 46% to kshs 147 million. Significant rise in raw material prices witnessed in the first half of the year, is expected to increase further through the remainder of the financial year. The impact of this is expected to be reduced volumes and margins due to the inability of the market to fully absorb the resulting cost increases.


Thanks Kenyainvestor for the insight and dates, as I look forward to the financial report
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VituVingiSana
#7 Posted : Friday, September 02, 2011 6:10:37 PM
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Pole... I was sort off offline for the past few days...

I expect the results for FY 2010-11 (Yr End 30 June) by 30th Sep 2011 though bad news is often delayed!

Unfortunately for any firm dealing in 'consumables' reporting good profits is a 'problem' e.g. KPLC, KK, etc

Why? Folks think high profits is a sign of a rip-off even if the profits simply match inflation or ROE matches banks lending rates!

I always try to read further into the results i.e. has the firm 'hidden' profits in other parts of the Balance Sheet?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Jamani
#8 Posted : Friday, September 02, 2011 7:46:25 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
VituVingiSana wrote:
Pole... I was sort off offline for the past few days...

I expect the results for FY 2010-11 (Yr End 30 June) by 30th Sep 2011 though bad news is often delayed!

Unfortunately for any firm dealing in 'consumables' reporting good profits is a 'problem' e.g. KPLC, KK, etc

Why? Folks think high profits is a sign of a rip-off even if the profits simply match inflation or ROE matches banks lending rates!

I always try to read further into the results i.e. has the firm 'hidden' profits in other parts of the Balance Sheet?



Thanks for your input, i agree it is highly possibly profits will be hidden to avoid the rip-off sentiments... looking forward to read the report
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VituVingiSana
#9 Posted : Friday, September 02, 2011 7:58:34 PM
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Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Unfortunately 1/2 year reports are very shallow...

I believe Unga reduced its loans considerably in FY 2011 thus the higher interest costs will not affect them (except for the Working Capital needs)...

Since the major competitors are private, it is difficult to figure out what others' profits are...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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dunkang
#10 Posted : Saturday, September 03, 2011 8:30:47 AM
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Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
and this rip-off language you have introduced now, could it be the source of all safcon problems? they started with alot of billions, everyone was in arms!

RIP-OFF, thats true!
Receive with simplicity everything that happens to you.” ― Rashi

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