Woodbois Limited (WBI)

Sector:

Mining

Index:

FTSE AIM All-Share

0.22p
   
  • Change Today:
    -0.010p
  • 52 Week High: 0.98p
  • 52 Week Low: 0.21p
  • Currency: UK Pounds
  • Shares Issued: 4,302.99m
  • Volume: 42,980,427
  • Market Cap: £9.25m
  • RiskGrade: 396
  • Beta: 0.19

Woodbois cuts losses on improved revenues and reduced costs

By Iain Gilbert

Date: Wednesday 11 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Hardwood products manufacturer Woodbois saw first half gross profits soar and total losses narrow, putting the group on track to turn cash-flow positive.
Woodbois' gross profits grew 83% to $1.3m in the six months ended 30 June, helping the group cut total losses 38% to $3.4m. Losses per share were narrowed to $0.92 from $1.49.

The AIM-listed firm reported a 41% uptick in revenues to $9.3m at its natural forest concessions in Gabon and Mozambique.

Woodbois also said that after simplifying its corporate structure, including offloading some of its agriculture operations in Tanzania, its cost reduction programme was now "largely complete" and helped lead it to a 69% drop in administrative expenses to $759,000.

Looking forward, while Woodbois intends to continue to focus on quality and sustainability, the group said its next target was to become cash-flow positive in the near-term.

"Achieving this objective will require us to operate our production facilities with enhanced efficiency and at full capacity, to scale the trading business while optimising the deployment of all available trade finance and to continue to manage costs aggressively across the group," said Woodbois.

As of 1110 BST, Woodbois shares had fallen 3.04% to 5.43p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WBI Market Data

Currency UK Pounds
Share Price 0.22p
Change Today -0.010p
% Change -4.44 %
52 Week High 0.98p
52 Week Low 0.21p
Volume 42,980,427
Shares Issued 4,302.99m
Market Cap £9.25m
Beta 0.19
RiskGrade 396

WBI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.82% above the market average55.82% above the market average55.82% above the market average55.82% above the market average55.82% above the market average
57.48% above the sector average57.48% above the sector average57.48% above the sector average57.48% above the sector average57.48% above the sector average
Price Trend
93.13% below the market average93.13% below the market average93.13% below the market average93.13% below the market average93.13% below the market average
89.78% below the sector average89.78% below the sector average89.78% below the sector average89.78% below the sector average89.78% below the sector average
Income Not Available
Growth
63.83% below the market average63.83% below the market average63.83% below the market average63.83% below the market average63.83% below the market average
69.49% below the sector average69.49% below the sector average69.49% below the sector average69.49% below the sector average69.49% below the sector average

WBI Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:07 262,160 @ 0.22p
16:07 457,688 @ 0.22p
16:02 272,000 @ 0.21p
15:55 48,345 @ 0.22p
14:49 1,350 @ 0.22p

WBI Key Personnel

CEO Guido Theuns
CFO Johannes Bloemen

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