RAWILL reports six months net profit of $7.59 million

December 16, 2024

R.A. Williams Distributors Limited (RAWILL)

Unaudited financials for the six months ended October 31, 2024:

R.A. Williams Distributors Limited (RAWILL) for the six months ended October 31, 2024, reported a 1% increase in Revenue totaling $754.48 million compared to $748.41 million in the corresponding period last year. Revenue for the second quarter had a 1% increase to close at $367.04 million compared to $363.58 million for the comparable quarter of 2023.

Cost of Sales amounted to $393.66 million (2023: $400.77 million), this represents a decrease of 2% year over year. Consequently, gross profit increased by 4% to $360.82 million compared to $347.64 million for the six months ended October 31, 2023. The company booked gross profit of $170.66 million for the second quarter versus $149.45 million reported for the similar quarter of 2023.

Administrative and General Expenses increased by 46% to close at $190.19 million (2023: $130.43 million), while Selling and Distribution Expenses increased by 7% from $126.39 million in 2023 to $117.36 million in the period under review. As a result, total expenses for the six months ended October 31, 2024, amounted to $307.55 million, a 20% increase relative to $256.83 million reported in 2023.

Operating Profit for the six months ended October 31, 2024, amounted to $53.27 million, a 41% decrease relative to $90.81 million reported in 2023. Operating Profit for the second quarter amounted to $5.05 million (2023: $10.57 million). Other Income totalled $122,875, a 13% increase from the corresponding period last year. (2023: $108,880).

Finance Costs for the six months ended October 31, 2024, amounted to $38.79 million, a 75% increase relative to $22.16 million reported in 2023. Finance Costs for the second quarter amounted to $19.07 million (2023: $11.43 million).

Profit before Taxation for the six months ended October 31, 2024, had a 79% decrease to reach $14.61 million (2023: $68.76 million). Taxation for the six months amounted to $7.02 million, a 51% increase from the $14.20 million reported in 2023. For the second quarter, Taxation was $2.55 million (2023: $2.39 million).

Consequently, Earnings Per Share for the six months amounted to $0.004 (2023: EPS: $0.034), while Loss Per Share for the quarter totaled $0.009 (2023: LPS: $0.002). The twelve-month trailing EPS was $0.02, and the number of shares used in these calculations was 2,000,000,000.

Notably, RAWILL’s stock price closed the trading period on December 13, 2024, at a price of $0.86 with a corresponding P/E ratio of 44.64x.

Balance Sheet Highlights

The company’s assets totalled $1.42 billion (2023: $971.89 million). This increase was attributable to ‘Right of use of Asset’ which amounted to $308.64 million (2023: nil). Property, plant, and equipment also contributed to the increase equating to $122.26 million (2023: $39.61 million).

Shareholder’s equity was $749.21 million (2023: $355.43 million), representing a book value per share of $0.37 (2023: $0.18). 

 

 

Disclaimer:

Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

2024-12-16T14:01:26-05:00