jb4388 Posted April 5, 2018 Report Share Posted April 5, 2018 3M18 financial results (unaudited financial statements): Baghdad Soft Drinks (IBSD) - P&L - 1Q17: Sales (net): IQD77.8bn, +14% y/y, Gross profit: IQD14.9bn, +22% y/y (Gross profit margin increased from 18.0% in 1Q17 to 19.2% in 1Q18), Operating profit: IQD8.5bn, +16% y/y (Operating profit margin increased from 10.8% in 1Q17 to 11.0% in 1Q18), EBITDA: IQD15.2bn, +11% y/y (EBITDA margin decreased from 20.1% in 1Q17 to 19.5% in 1Q18), Profit before tax: IQD8.4bn, +16% y/y (Profit before tax margin increased from 10.7% in 1Q17 to 10.8% in 1Q18). Wonder what kind of dividends will be shared with shareholders? Quote Link to comment Share on other sites More sharing options...
Frank61 Posted April 6, 2018 Report Share Posted April 6, 2018 I have a ton of their stock !! Quote Link to comment Share on other sites More sharing options...
King Bean Posted April 6, 2018 Report Share Posted April 6, 2018 I thought I read the new tax on soft drinks, starting after budget approval, was going to be 200%. That's gotta hurt. Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 6, 2018 Report Share Posted April 6, 2018 3 hours ago, King Bean said: I thought I read the new tax on soft drinks, starting after budget approval, was going to be 200%. That's gotta hurt. I know 200% was on alcohol for sure. 1 Quote Link to comment Share on other sites More sharing options...
King Bean Posted April 6, 2018 Report Share Posted April 6, 2018 11 minutes ago, ChuckFinley said: I know 200% was on alcohol for sure. Hurts...even worse. I need a drink now. LOL. 1 Quote Link to comment Share on other sites More sharing options...
jb4388 Posted April 8, 2018 Author Report Share Posted April 8, 2018 On 4/6/2018 at 12:12 PM, King Bean said: I thought I read the new tax on soft drinks, starting after budget approval, was going to be 200%. That's gotta hurt. The newspaper Al-Ghad Press received Sunday a document issued by the Ministry of Finance requesting all border crossing points to impose a 200% fine on imported alcoholic beverages. While a tax on sweets, ice cream, dairy products, juices and soft drinks was imposed at 25%, according to the Financial Budget Law of 2018. Quote Link to comment Share on other sites More sharing options...
King Bean Posted April 8, 2018 Report Share Posted April 8, 2018 36 minutes ago, jb4388 said: While a tax on...soft drinks was imposed at 25%, according to the Financial Budget Law of 2018. Correct you are, JB. Thanks. Tax em to death. Democracy at it's finest. LOL. Quote Link to comment Share on other sites More sharing options...
jb4388 Posted April 8, 2018 Author Report Share Posted April 8, 2018 Just wondering if IBSD is taxed the same since it is a local company? (Not an imported beverage) Not that I really care... I say that because " all border crossing points to impose a 200% fine on imported alcoholic beverages" IBSD (Pepsi) is being produced in Iraq not imported. 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 8, 2018 Report Share Posted April 8, 2018 (edited) 4 hours ago, jb4388 said: Just wondering if IBSD is taxed the same since it is a local company? (Not an imported beverage) Not that I really care... I say that because " all border crossing points to impose a 200% fine on imported alcoholic beverages" IBSD (Pepsi) is being produced in Iraq not imported. Just was youing to post that, hmmmmmm. Do I smell a business opportunity? Edited April 8, 2018 by ChuckFinley 1 Quote Link to comment Share on other sites More sharing options...
jb4388 Posted May 3, 2018 Author Report Share Posted May 3, 2018 (edited) Baghdad Soft Drinks (IBSD) held its AGM* today (May 3, 2018). In the meeting, the company approved 2017 annual financial results, decided to distribute 10% cash dividend (IQD0.10 dividend per share, 2.5% dividend yield) and approved importing and installing a mechanical inventory for vertical inventory storage, establishing new Aquafina production line and a new soft drinks production line for cans. In addition, IBSD is planning to discuss the following issues in its next general meeting: increasing its capital from IQD177.3 bn to IQD200.0 bn through bonus issue; establishing a factory in Basra to be able to dominate the market in the six southern provinces and purchasing Northern Soft Drinks Company to control the province of Mosul; and exporting Aquafina to neighboring countries. Edited May 3, 2018 by jb4388 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 3, 2018 Report Share Posted May 3, 2018 On 4/6/2018 at 4:19 PM, King Bean said: Hurts...even worse. I need a drink now. LOL. We still have a few days. 1 1 Quote Link to comment Share on other sites More sharing options...
jb4388 Posted May 8, 2018 Author Report Share Posted May 8, 2018 Baghdad Soft Drinks (IBSD) will resume trading tomorrow (May 9, 2018) after discussing and approving 2017 annual financial results and distributing 10% cash dividend (IQD0.10 dividend per share, 2.5% dividend yield). 1 Quote Link to comment Share on other sites More sharing options...
js214 Posted June 8, 2018 Report Share Posted June 8, 2018 On 5/3/2018 at 5:54 PM, ChuckFinley said: We still have a few days. Just took a swig of orange- Apple Pie is in the fridge, just close the door when you are finished Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.