Ansa McAl grows profit

ansaAnsa McAl Group achieved revenues of $2.87 billion against $2.9 billion in 2014. For the June quarter, revenues came in at $1.47 billion, down slightly from $1.48 billion. Profit before tax amounted to $459 million, for the six months to June, an increase of 11 percent over prior year’s $414 million.
After tax profit was up 10 percent to $302 million for the half year versus $274 million in 2014. Earnings per share rose to $1.75 up from $1.59 in 2014 for the half year.
For the quarter, profit attributable to shareholders of the group rose 4 percent to $164 million, from $158 million or 95 cents per share, after pretax profit had climbed to $250 million in the quarter from $240 million. In 2014 for the full year Ansa made $685 million for shareholders of the group or $3.97 per share. Earnings for the full year should just about exceed that of 2014 but not by a great deal and could well end at around $4.40.

Carib Beer one of Ansa McAl products

Carib Beer one of Ansa McAl products

Segment profit before tax for manufacturing, packaging & brewing came in at $194.5 million versus $187.6 million in 2014, automotive, trading & distribution suffered a decline to $89.4 million from $97.6 million, insurance & financial services raked in $133 million up strongly from $94 million and media, services & parent company reported $42 million up from $34.6 million.
The company approved an interim dividend of 30 cents per share the same as in 2014 which will be paid on November 6, 2015, October 23, 2015 has been set the Record Date for payment of this interim dividend. The stock last traded on the Trinidad & Tobago Stock Exchange at $67.25.

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