TRIPPLE GEE PLC: SMALL AND BEAUTIFUL.

If in these times, small can be beautiful then Triple GEE PLC  is one of the Nigerian quoted companies likely to be good example this financial year.
Triple Gee is so small that it is still dreaming of hitting one billion Naira turnover but the beauty is that in the nine months to September, its puny increase in turnover was rewarded with double digit rise in profit before tax.
Triple Gee's turnover had increased by 3.19 per cent from N320.1m to N330.3m but, happily, with only marginal 0.44 per cent rise in cost of sale to N205.5m from N204.6m.
Administration and distribution threw in a spanner by growing 7.67 per cent up to N80m but this was well countered by 3.21 per cent decrease In finance charges thus allowing profit before tax to leap.
The lower finance charges could be traced to 18.2 per cent in trade payables; 3.39 per cent  and 7.73 per cent drop in short and long term borrowings respectively plus 24.4 per cent draw down of inventories.
In the end Tripple Gee still recorded significant increase in cash and near cash to N49.5m from only N7.53m previously.
THUS:
* Small as it is Tripple Gee is developing the right muscles for continued growth.
*  So all things being equal, year 2015 should end very well.

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