shauriyako wrote:I do not think my math is so poor. Is it not true that if Mumias made 500% groth in the 1H just duplicating their 2H last - meaning no growth - should give them 250%. Assumption their 1H figures are similar to their 2H figures.
Can someone then enlighten me how you can make 500% growth in 1H then end up 30% or whatever %age figure Pple are projecting for the year without posting close to a 400% decline in profits for the 2H. Honestly guys I do not see anything below 150% growth for the year on this counter.
The main growth in Mumias PAT for last year occured in 2nd half. i.e. they generated 1.6bn in full year; 90% of which was attributable to 2nd half (1.4bn).
This year we see a PAT of
1bn in first half. I would not expect this to be 10% of the results for full year like last year. If we optimistically project the
second half to yield 100% of first half, this will bring PAT of another 1bn bringing the total PAT for the year to 2Bn.
Now compare 2bn this year to 1.6bn last year. This is a
29% growth compared to last year.
To achieve a 150% growth, the 2nd half will have to contribute 3bn (3 times more than first half). Well, Iam not a pessimist but this is very very unlikely!!!
All the same I could be wrong.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.