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Baghdad Soft Drinks (IBSD) - 4Q17
Baghdad Soft Drinks (IBSD) – FY17 consolidated* financial results (unaudited) vs. FY16 solo financial results (audited): P&L - 4Q17:
P&L – FY17: Sales (net): IQD293.8bn, +11% y/y, Gross profit: IQD65.5bn, +15% y/y, EBITDA: IQD66.1bn, +22% y/y (EBITDA margin increased from 20.5% in FY16 to 22.5% in FY17), Profit before tax: IQD42.0bn, +11% y/y (Profit before tax margin stayed constant at 14.3%), Net profit: IQD37.3bn, +11% y/y (Net profit margin stayed constant at 12.7%). (*Consolidated financial results of IBSD are including Yanabee Al-Zawraa Company (Aquafina) financials. The Iraqi Company Registrar approved on Jan. 19, 2017 the merger decision of IBSD and Yanabee Al-Zawraa Company which was taken in the GA meeting on December 26, 2016. In the articles of association, which was approved by the registrar, the new capital of IBSD reached IQD177.3bn due to merging with Yanabee Al-Zawraa.)
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