<- Back to news
12.11.2019
Chairman’s Statement – Unaudited Results for the Nine Months Ended 30th September 2019

 

I am pleased to report another quarter of revenue growth at Q3 2019 with revenues increasing by 4% and profit margins being preserved.

This growth was achieved through three of the Group’s four segments. Manufacturing, Packaging and Beverage grew by 4%; Financial Services increased by 24%; Media, Retail, Services and Parent Company grew by 3%.

Revenues generated were $4,717 million ($4,552 million – 2018). Profit after Tax (PAT) was $442 million and included restructuring costs of $25 million (as previously reported). Without the one – off restructuring costs, the Group’s PAT increased by 3% over prior year ($445 million – 2008). Its reported earnings per share (EPS), inclusive of restructuring costs, stands at $2.10 ($2.25 -2018). I am also pleased to report that the Group surpassed $15 billion in total assets.

Our focus is on the fourth quarter, which is peak trading period for the Group. We are also well placed for continued growth; all our subsidiaries have completed their planning for 2020 and have already initiated their respective strategies.

I am indeed encouraged by these results and in the leadership shown by our people.

 

A. Norman Sabga
Executive Chairman
By order of the board

Important releases
The ANSA McAL Foundation Delivers On Its Promise To The Region See details ->
InTouch Edition 04 – Give It Your Best Shot See details ->