INTERLINKED TECHNOLOGIES: SMALL BUT WELL LINKED

Interlinked Technologies PLC remains a very small company by average of Nigerian quoted companies but also remains well linked together even in these times.
According to half year figures to December 2015 released recently, so long as profit making on business done remains the driving force, Interlinked Technologies has its act together with one exception: Input cost.
The interim revenue had grown by modest 5.02% to N73.2m from 69.7m but the accompanying 8.7% rise in cost of sale to N56.2m from N51.7m dampened this somehow.
As a result, with gross profit going down by 6.11% to N16.9m from N18m, less profit before tax would have been quite natural.
That was not to be because of good grip on other costs added to a favourable nod from finance charges.
In spite of the modest income rise, distribution cost declined by 25.3% from N0.87m to N0.65m and administration expenses closed 9.02% down at N11.1m compared to N12.2m previously.
Also good prop came from 22.3% decrease in finance cost to N2.3m from N2.96m
In the end, Interlinked Technologies ended the half year after great pressure on gross profit with N5.19m profit before tax, up 5.7% on the N2.04m clocked by December 2014.
This translates into N3.95 gain on each N100 income as against N1.75 previously.
SO:
* Kudos because with Interlinked Technologies, small still looks beautiful
* However, each Naira extracted through less growth in direct cost could still go a long way.

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