Beaufond PLC’s Full Year and Q4 Results for F.Y. 2021-22

(Spin Digit Editorial):- Dubai, United Arab Emirates Jul 18, 2022 (Issuewire.com) – Beaufond PLC’s Full Year and Q4 Results for F.Y. 2021-22

Q4 PERFORMANCE HIGHLIGHTS:

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Company revenues for Q4 are USD 394.41 Mn. Revenue increased by 10.53% in Q4 2021-22 against Q4 of 2020-21, supported by  International  Trade  of  pharma  products  which  are  the  major contributor to the total revenue.

Company’s Net Profit for Q4 is USD 17.86 Mn., which is 4.53% of Gross Revenue. Net Profit increased by 47.50% in Q4 2021-22 against Q4 of 2020-21.

EBITDA for Q4 is USD 17.99 Mn. EBIDTA increased by 41.10% in Q4 2021-22 against Q4 of 2020-21. The Pharma segment continues to be the biggest driver of top and bottom line growth.

12M PERFORMANCE HIGHLIGHTS:

Company revenues for the year are USD 1,563.90 Mn. Revenue increased by 16.68% in F.Y. 2021-22 against F.Y. 2020-21, supported by  International  Trade  of  pharma  products  which  are  the  major contributor to the total revenue.

Company’s Net Profit for the year is USD 73.87 Mn., which is 4.72% of Gross Revenue. Net Profit increased by 17.32% in F.Y. 2021-22 against F.Y. 2020-21.

EBITDA for the year is USD 74.96 Mn. EBIDTA increased by 16.03% in F.Y. 2021-22 against F.Y. 2020-21. The Pharma segment continues to be the biggest driver of top and bottom line growth.

The net worth of the company for the year is USD 411.59 Mn. Net worth increased by 19.22% in F.Y. 2021-22 against F.Y. 2020-21.

The Current Ratio for the year is 1.41 which is at par with the trading and distribution business companies

The Quick Ratio for the year is 1.24 which shows its ability to pay off its current debt obligations.

Statement from Managing Director:

We are pleased to announce our Fourth Quarter results as our disciplined growth strategies continue to deliver strong underlying performance. We ended the Fourth Quarter this year on a robust footing as we reported growth in EBITDA and remain focused on quality and new opportunities across our core markets in UAE,  India, Hong Kong,  Singapore,  the  Middle  East, Taiwan, and the  United  States where we continue to see attractive business counterparts. We have also further strengthened our leading position across all market sectors as we added an array of business projects in segments including API in pharma, particularly therapeutic segments.

The current ratio is 1.41 as on 30.06.2022 which is well above the level of the corresponding trading companies’ ratio and shows the company’s efficiency to meet its financial / liquidity obligation. As the sales of the Trading operation are increasing trend, it is more capable than the company is of paying its obligations, as it has a larger proportion of asset value relative to the value of its liabilities. The TOL/TNW Ratio for the Q4 of 2021-22 decreased marginally to 1.33 from 1.39 in the same quarter of last year which is very well above the industrial average.

I assure all of our consumers that the businesses are gaining strong traction even in the pandemic period, reflecting our customer obsession and investments in best-in-class trade platforms. International market provides exciting opportunities to scale-up these businesses and maximize long-term shareholder value in the coming years.

In summary, we continue to see the future with optimism and feel that Beaufond remains ideally positioned to capitalize on growth opportunities in its key markets. Moreover, I remain confident that we have the right team in place to continue to build out what has proven to be the leading international business around the globe.

Sachin Saini

Managing Director & CEO

Board of Directors     

The board is headed by Mr. Sachin Saini, Managing Director of the company as Chairman supported by with 4 independent directors – Mr. John Oppermann, Ms. Sangeeta Lakhi, Mr. Chelven Chengabroyan, and Ms. Constance Mabhande (Board approved her resignation on 18th July 2022).

About the Company:

Beaufond Plc is a multi-product, multi-market, multi-location, and multi-segment International Distribution and Trading Company that focus on essentials for society and has evolved into a market-leading international business, with operations across five continents, and businesses that touch the lives of millions across the globe.

 The Company’s business model is into three verticals:

• Chemical;
• IT and Telecom;
• Other Merchandising.

 The company has a vertically integrated business model with research and development, marketing, and distribution capabilities, with respect to certain finished dosage forms. Beaufond believes that this helps the company in moving up the value chain, control business expenses, reduce dependency on third parties and strengthen its position as a quality ‘branded’ trading company, while the research and development team provides additional support for the integrated business model. Beaufond believes that focusing on the markets and customers’ segments enables to achieve a superior return by taking on sound credit risk.

Beaufond Plc ensures that focusing on the markets and customers’ segments enables to achieve a superior return by taking on sound strategic decisions. The company has a vision that placed the greater good of society at par with business growth, put into practice pioneering social initiatives that changed the way responsible business was run and brought into the Company a strong social conscience and is to be a global Trading and distributing company that provides the best products and services to its customers and creates a business environment that is appreciated and valued by its customers, employees, and stakeholders.

IMPORTANT NOTICE AND DISCLAIMER

This document has been provided to you for information purposes only. This document does not constitute an offer of, or an invitation to invest or deal in, the securities of Beaufond Plc (the “Company”). The information set out in this document shall not form the basis of any contract and should not be relied upon in relation to any contract or commitment. The issue of this document shall not be taken as any form of commitment on the part of the Company to proceed with any negotiation or transaction.

Certain statements contained in this document constitute forward-looking statements relating to the Company, its business, markets, industry, financial condition, results of operations, business strategies, operating efficiencies, competitive position,  growth  opportunities,   plans  and  objectives  of  management  and  other matters. These statements are generally identified by words such as “believe”, “expect”, “plan”, “seek”, “continue”, “anticipate”, “intend”, “estimate”, “forecast”, “project”,   “will”,   “may”   “should”   and similar expressions.   These   forward-looking statements are not guarantees of future performance. Rather, they are based on current plans, views, estimates, assumptions, and projections and involve known and unknown risks, uncertainties, and other factors, many of which are outside of the Company’s control and are difficult to predict, that may cause actual results, performance or developments to differ materially from any future results, performance or developments expressed or implied from the forward-looking statements.

These figures and classifications are unaudited, have not been verified by a third party, and are based solely on management’s estimates.

The Company does not make any representation or warranty as to the accuracy of the assumptions underlying any of the statements contained herein. The information contained herein is expressed as of the date hereof and may be subject to change. Neither the Company nor any of its controlling shareholders, directors or executive officers, or anyone else has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by applicable laws and regulations or by any appropriate regulatory authority.