Unikai

CORPORATE TICKET / E. Michael Johnson United Kaipara Dairies Company PSC (UNIKAI) published its Q3 2007 closure results on DFM web site with a Dh27.6 million of operational expediency before working capital changes, which grew by 36.6 per centum over the Q3 ending 2006. The crystalize profit for the same flow rate grew by 64 per cent from Dh11.6 million to 19 million. indomitable court addition controlled at 8%? UNIKAI kept the addition of its administrative and common expenses to 8 per cent while the gross sales grew by 11 per cent. Considering inflation in the economy, 8 per cent growth in fixed apostrophize is good cost control, in relationship to sales growth. Inventory tactics changed ? The growth in investment in take stocking by 56 per cent, 2.5 months in 2006 to 3.5 months in 2007 needs more revue. The notes disclose that the inventory of raw materials and packing materials grew by 124 per cent, and was the major cause for maturation in investment in inventory. In rising good price merchandise like the period under study report, investing in raw materials (assuming no dead carry provision on account of this by grade end) development bank over draft (Q3 ending Dh30.9 million) to finance net current assets of Dh106 million, may be a good inventory policy as the floating arouse rates were dropping.

This crapper result in lower growth in cost of goods sold ( grew by7 per cent ) and higher growth in interest costs and overall and increase in net profit after tax. We will suck to wait for the full year results to confirm the effectiveness of the management on this apparent tactics. market place share growth less than 11 per cent ? We do not get a direct disclosure on UNIKAIs product market share gain. Assuming that the selling prices would have been revised upwards in 2007 over 2006, derived from a general practice in the economy over the year, the real market share growth may be lower than the 11 per cent growth in sales revenue. Comparative, previous figures KPMG, Dubai review report discloses... If you want to get a full essay, tell it on our website: Ordercustompaper.com

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