Highlights from Ayrton Drug's Annual Report- Chairman's Letter

• The Chairman said 2012 was a tough year for the company. Top-line (Sales) grew by 14.68% but the bottom-line ( Profit after tax) fell by 13.61%. This he attributed to the depreciating cedi and astronomical increases in interest rates, among other factors.

• Earnings per share fell from 0.0133p in 2011 to 0.0115 in 2012 whiles dividend per share remained at 0.125p

• Plans are far advanced to build a new facility in a bid to improve the bottom line. There would also be restructuring of the company to increase efficiency of all the Departments.

Earnings Season on the Ghana Stock Exchange: Half Year Reports

We are in the first half Earnings Season on the Ghana Stock Exchange and in my earlier post about Benso Oil Palm Plantation (BOPP), i.e. Half Year Performance of BOPP, I looked at how BOPP performed on the exchange and for the first half. Below are the various performances for some of the companies listed on GSE.

UT Bank

UT Bank Ltd (UTB), an indigenous bank, have reported an 89.23% surge in profit after tax, from GHS 4.69m in 2011 half year results to GHS8.87m for the same period in 2012.