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East African Portland Cement FY 2017/18
Rank: Member Joined: 5/2/2018 Posts: 267
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The well-cooked financial results of EAPCC Ltd, a.k.a Blue Triangle, are out. From an operating loss of Sh3.56 billion in the year, it adds a Sh11.34bn "fair value gain on investment properties", ricocheting the loss into a cool Sh6.96bn PBT (on paper) and Sh7.8bn PAT after a tax credit of Sh835.42 million.  In the 2016/17 FY, it had an operating loss of Sh1.32bn, resulting in a Loss Before Tax of Sh1.71bn and a net loss of Sh1.47bn. The administration and selling expenses jumped 70% to Sh3.87bn at a time revenue dipped 25.3% to Sh5.18bn.  The cement maker says the court awarded Sh1.5bn through a 2012-2015 CBA. It's more of an obituary.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,822 Location: Nakuru
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Superprime1 wrote:The well-cooked financial results of EAPCC Ltd, a.k.a Blue Triangle, are out. From an operating loss of Sh3.56 billion in the year, it adds a Sh11.34bn "fair value gain on investment properties", ricocheting the loss into a cool Sh6.96bn PBT (on paper) and Sh7.8bn PAT after a tax credit of Sh835.42 million. In the 2016/17 FY, it had an operating loss of Sh1.32bn, resulting in a Loss Before Tax of Sh1.71bn and a net loss of Sh1.47bn. The administration and selling expenses jumped 70% to Sh3.87bn at a time revenue dipped 25.3% to Sh5.18bn. The cement maker says the court awarded Sh1.5bn through a 2012-2015 CBA. It's more of an obituary. pilipili manga, binzari nyembamba, karafuu na iliki.Ongeza knorr cubes(beef flavour) na royco mchuzi mix. This is daylight robbery. Jubilee says it is fighting corruption and yet allow this blatant cooking of books. Perhaps,DCI and DPP have no capacity to detect accounting fraud. Kenyans be damned. Nowhere to run to or hide. I am waiting eagerly for the overcooked mchuzi from Kenya power Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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No dividend declared,cashflow statement ndio kusema sasa Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,325 Location: nairobi
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Fyatu wrote:Superprime1 wrote:The well-cooked financial results of EAPCC Ltd, a.k.a Blue Triangle, are out. From an operating loss of Sh3.56 billion in the year, it adds a Sh11.34bn "fair value gain on investment properties", ricocheting the loss into a cool Sh6.96bn PBT (on paper) and Sh7.8bn PAT after a tax credit of Sh835.42 million. In the 2016/17 FY, it had an operating loss of Sh1.32bn, resulting in a Loss Before Tax of Sh1.71bn and a net loss of Sh1.47bn. The administration and selling expenses jumped 70% to Sh3.87bn at a time revenue dipped 25.3% to Sh5.18bn. The cement maker says the court awarded Sh1.5bn through a 2012-2015 CBA. It's more of an obituary. pilipili manga, binzari nyembamba, karafuu na iliki.Ongeza knorr cubes(beef flavour) na royco mchuzi mix. This is daylight robbery. Jubilee says it is fighting corruption and yet allow this blatant cooking of books. Perhaps,DCI and DPP have no capacity to detect accounting fraud. Kenyans be damned. Nowhere to run to or hide. I am waiting eagerly for the overcooked mchuzi from Kenya power Cytonn are teaching others how to prop up a dying monkey via fair value treatment techniques COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Ericsson wrote:No dividend declared,cashflow statement ndio kusema sasa Couldn't agree more. Cashflow can never be cooked.
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Rank: Elder Joined: 12/7/2012 Posts: 11,939
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I thought they were to sell some land Kenya Railways, what happened. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:Fyatu wrote:Superprime1 wrote:The well-cooked financial results of EAPCC Ltd, a.k.a Blue Triangle, are out. From an operating loss of Sh3.56 billion in the year, it adds a Sh11.34bn "fair value gain on investment properties", ricocheting the loss into a cool Sh6.96bn PBT (on paper) and Sh7.8bn PAT after a tax credit of Sh835.42 million. In the 2016/17 FY, it had an operating loss of Sh1.32bn, resulting in a Loss Before Tax of Sh1.71bn and a net loss of Sh1.47bn. The administration and selling expenses jumped 70% to Sh3.87bn at a time revenue dipped 25.3% to Sh5.18bn. The cement maker says the court awarded Sh1.5bn through a 2012-2015 CBA. It's more of an obituary. pilipili manga, binzari nyembamba, karafuu na iliki.Ongeza knorr cubes(beef flavour) na royco mchuzi mix. This is daylight robbery. Jubilee says it is fighting corruption and yet allow this blatant cooking of books. Perhaps,DCI and DPP have no capacity to detect accounting fraud. Kenyans be damned. Nowhere to run to or hide. I am waiting eagerly for the overcooked mchuzi from Kenya power Cytonn are teaching others how to prop up a dying monkey via fair value treatment techniques LOL Cytonn have become another Obiero stock being quoted in all posts. I feel you, but we aren’t at negative equity or bailed out by taxpayer :)
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:No dividend declared,cashflow statement ndio kusema sasa From the drop in demand this industry is going to be interesting to watch. Should be another shilling stock this.
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Rank: Member Joined: 5/2/2018 Posts: 267
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FRM2011 wrote:Ericsson wrote:No dividend declared,cashflow statement ndio kusema sasa Couldn't agree more. Cashflow can never be cooked. Cash and cash equivalents at over Sh1bn in the red (i.e. negative).
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Rank: Elder Joined: 6/23/2009 Posts: 14,325 Location: nairobi
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Horton wrote:Ericsson wrote:No dividend declared,cashflow statement ndio kusema sasa From the drop in demand this industry is going to be interesting to watch. Should be another shilling stock this. For sure COOP, IMH, KEGN, KQ, MTNU
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