Press Corporation Limited

Ticker code PCL Industry Communications Services 7th Floor
Chayamba Building
P.O. Box 1227
Blantyre, Malawi
ISIN MW0000000AA1 Sector Services
Initial Listing 9 September 1998 Financial Year End 31 December
Website www.presscorp.com Results Released Half-yearly
2010 2011 2012 2013 2014
Growth Rates (Year-on-Year)
Total Revenue 6.4% 45.3% -7.3% -12.0% 4.8%
Gross Profit -42.5% 175.8% 6.7% -50.1% -25.8%
Net Income 445.8% -115.7% 363.5% -217.5% 57.3%
EBIT -185.5% -485.4% 83.0% -97.7% -919.8%
EBITDA -52.8% 292.6% 7.7% -58.1% -47.5%
Accounts Receivable -7.2% 7.4% 9.1% -27.3% 17.9%
Inventories 23.4% 12.5% 64.2% 6.4% -29.0%
Total Assets -3.8% 2.6% 33.1% -5.5% -9.3%
Profitability
Return on Assets -7.0% 1.1% 3.7% -4.6% -8.0%
Return on Net Assets -10.2% 1.4% 4.7% -5.9% -9.7%
Return on Equity -19.5% 3.0% 8.0% -10.3% -19.3%
Margins
Operating Margin -7.42% 19.68% 38.87% 1.01% -7.88%
Gross Margin 21.81% 41.39% 47.68% 27.04% 19.13%
Net Profit Margin -21.69% 2.34% 11.70% -15.61% -23.42%
Selling & General Expenses Margin 17.59% 12.61% 13.44% 15.36% 13.76%
EBIT Margin -7.42% 19.68% 38.87% 1.01% -7.88%
EBITDA Margin 13.46% 36.37% 42.28% 20.11% 10.08%
Liquidity
Current Ratio (times) 0.5 0.6 0.8 0.8 0.9
Quick Ratio (times) 0.1 0.1 0.2 0.1 0.2
Days Inventory Outstanding 129.8 139.9 236.5 247.1 187.5
Days Sales Outstanding 39.6 27.2 31.8 32.5 28.5
Days Payable Outstanding 243.1 187.1 123.0 122.8 120.8
Cash Conversion Cycle -73.6 -20.0 145.3 156.8 95.2
Solvency
Total Debt/Total Equity 88.8% 118.4% 63.0% 67.9% 84.7%
Total Debt/Total Capital 74.6% 88.1% 51.6% 56.3% 75.6%
Total Liabilities/Total Assets 64.1% 64.0% 53.3% 55.2% 58.7%