(Ecofin Agency) - Wednesday 30th September 2015. Uniwax S.A., a company specialised in the production and marketing of fabrics and other clothing materials, jumped by 7.9% on the BVRM, with a transaction volume of FCfa 360.3 million for a rotation of 12,415 shares.
On the Tuesday before, the company published its intermediary results for the period ending 30 June 2015. They showed a turnover of FCfa 19.64 billion (USD 32.3 million), an increase of 16% compared to the results for the same period in 2014.
Moreover, the company explains that thanks to cost control, its operating margin was FCfa 2.8 billion (USD 4.75 million), an increase of 120%. In these conditions, the net profit was FCfa 2.4 billion, an increase of 133%.
Next to very high liquidity stocks like that of Sonatel, Uniwax is catching the interest of many investors on the BVRM. Since the beginning of the year, its stock is posting a capital gain of 283%. However, there is still little profit-making in investing in Uniwax from a Return on Equity stand, with a net yield of only 1.6% per share (on the basis on a dividend value of FCfa 486, as shared in April). A figure which could probably improve, considering the current performances.
