Caribbean Producers BUY RATED again

CPJ Mkt PlCaribbean Producers reported profit of US$3.54 million or 32 US cents per share for the year to June 2015, versus $3.46 million or 31 cents in 2014, according to the company’s audited financial statements. Sales brought in $86.85 million during the year compared with $79 million in 2014, a gain of 10 percent and for the quarter sales were up just 4 percent over 2014 to $21.86 million from $21 million in 2014 while profit came in at $1.3 million compared with a loss of $613,000 in 2014.
Profit for the latest quarter is 23 percent higher than the $922,000 earned in the March quarter, a period that is usually the highest earner. Earnings per share ended at 32 cents for the year or close to J$3.75.
Gross profit margin jumped in the June quarter to 31 percent and well over the 27 percent enjoyed in the 2014 quarter and higher than the 28 percent for the full year. Gross profit climbed as well by 19 percent to $6.8 million for the quarter much faster than the growth in revenues and was up by 8 percent for the year a bit less than revenue growth. Selling and administrative expenses fell in the quarter, by 15 percent but was up 10 percent for the year.
Profits seem to be moving in the right direction with cost falling in some areas and profit margin improving. At the current price of J$2.50 the stock is undervalued as it should be moving into the J$3 region with these results. The group has been seeing improvement in the St Lucian operations and that could be improved upon in 2016 fiscal year. CPJ 6-15Caribbean Producers made a profit of $447,000 in the September 2013 quarter but made on $2,500 profit in 2014, the results for this year’s September quarter should be better as 2014 had certain cost associated with new products and the holding of prices for certain items sold to the hotel sector during that period.
The bother continues to be the heavy debt, at $24.76 million which is down from $25.2 million in 2014, while equity is up to $19 million from $16 million in 2014 thus improving the debt to equity ratio quite a bit. The probability exists that there should be an improvement in 2016 as well, as profit continue to perform, thus building up equity.
IC Insider is restoring it BUY RATED stamp on this one.

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  1. […] that would have been partially offset by Lasco Distributors with a gain of 13 cents to $7.43 but Caribbean Producers dropped by of 49 cents to $5 would have also been a big contributor a well. The all Jamaica […]

  2. […] traded 3,370 shares at 49 cents, Caribbean Cream ended with a gain of 45 cents to close at $4.75, Caribbean Producers traded 59,990 units but fell 40 cents to close at $5.10. Consolidated Bakeries traded 3,000 units […]

  3. […] gained 942.93 points to 171,783.04 and the junior market index fell 38.11 points to 2,212.92. Caribbean Producers with just 1,500 shares was one of the highlights of the early morning session as it added 40 cents […]

  4. […] with a rise of 10 cents to close at $4.65, Caribbean Flavours traded 2,594 units to end at $9, Caribbean Producers traded 11,730 units to close at $5.50. Consolidated Bakeries loss 10 cents and closed at $1.30 with […]

  5. […] Caribbean Cream ended the year with 264,288 shares changing hands for a gain of 10 cents to $4.08, Caribbean Producers traded 6,000 units to close with a gain of 45 cents at $5.45. Consolidated Bakeries gained 15 cents […]

  6. […] changing hands at $7, Caribbean Cream gained 8 cents with 211,685 shares changing hands at $3.88, Caribbean Producers rose 1 cent in trading 40,000 units to close at $4.58, Consolidated Bakeries rose 10 cents with […]

  7. […] with 26,378 units changing hands at $7, Blue Power had 646 units changing hands to close at $13.10, Caribbean Producers closed at $4.45 to gain 5 cents with 290,856 units changing hands, Derrimon Trading ended with […]

  8. […] Flavours gained 28 cents while trading 16,512 units to end at a 52 weeks’ high at $6.75, Caribbean Producers gained 10 cents, in trading 44,922 units to end at $5.80 for a 52 weeks’ closing high, […]

  9. […] traded 732,740 units and last traded at $1.45, Lasco Manufacturing with 526,824 shares at $3.51, Caribbean Producers with 362,506 units with a gain of 30 cents to $5.75, Jamaica Broilers with 187,098 units at $8.40 […]

  10. […] major drivers of profit gains this year as well. It is partly against the above developments, that IC Insider BUY RATED listing of stocks should be viewed. Some of the stocks have been placed on hold based on the gains […]

  11. […] Flavours gained 10 cents while trading 485,543 units to end at $4.50, for a new 52 weeks’ high, Caribbean Producers traded 60,000 units for a rise of 10 cents to end at $3, Consolidated Bakeries traded 15,000 shares, […]

  12. […] rose 13 cents to $4.08 with 100,000 shares changing hands to close at a new 52 weeks’ high. Caribbean Producers traded 155,000 units for a gain of 46 cents end at $2.96, Consolidated Bakeries traded 117,800 […]

  13. […] as 17 stocks gained and 2 declined. In Trading, Berger Paints traded 899,350 shares at $2.50, Caribbean Producers exchanged 1,649,403 up to $2.80, General Accident traded 2,000,000 units at $1.75, Jamaica Broilers […]

  14. […] with a lower offer. In trading, AMG Packaging closed at $3.65 with 2,114 units changing hands, Caribbean Producers traded just 111,550 units with a loss of 5 cents at $2.30, Dolphin Cove closed with 4,144 units at […]

  15. […] are, Caribbean Cream ended with 185,000 shares changing hands at $1.71, as the price rose 6 cents, Caribbean Producers traded 23,000 units to close at $2.35, General Accident trading 26,621 sharesCargo Handlers with […]

  16. […] with bids higher than the last traded prices and 4 closed with lower offers. Stocks trading are, Caribbean Producers trading 700 units to close at $2.35 with an increase of 7 cents. Dolphin Cove trading 4,400 units at […]

  17. […] hands, AMG Packaging closing with a gain of 15 cents at $3.80 with 33,300 units changing hands, Caribbean Producers trading 1,397,823 units to close at $2.28 with a loss of 10 cents. The stock traded as high as $2.47 […]

  18. […] Stocks trading are, Caribbean Cream traded 17,000 shares to close with a 5 cents rise to $1.65, Caribbean Producers lost 2 cents with 103,100 shares changing hands at $2.38, Dolphin Cove traded just 2,950 shares to […]

  19. […] points to 967.39. The main trades so far are, Cable & Wireless has traded 541,404 at 48 cents, Caribbean Producers traded 159,216 units at $2.47 with a gain of 9 cents, Dolphin Cove traded 85,333 units at $12 while […]

  20. […] with bids higher than the last traded prices and 2 closed with lower offers. Stocks trading are, Caribbean Producers traded 131,644 shares unchanged at $2.50, Derrimon Trading ended with 29,000 shares changing hands […]

  21. […] Stocks trading are, Caribbean Flavours traded 1,221,984 units firm at $2.70 in three trades, Caribbean Producers traded 159,738 units at $2.50, after the company reported good full year’s results on Tuesday. […]